Solved: Compute the receivables turnover ratio and the average, Accounting Basics

Compute the receivables turnover ratio and the average

Microsoft Corporation reported the following information in its financial statements for three successive quarters during the 2009 fiscal year ($ in millions):

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Required:

Compute the receivables turnover ratio and the average collection period for the second and third quarters. Assume that each quarter consists of 91 days.

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Accounting Basics: Compute the receivables turnover ratio and the average

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Accounting Basics: Compute the receivables turnover ratio and the average

Reference No:- TGS01348658

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