Solution-Compute the receivables turnover ratio

Compute the receivables turnover ratio

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Reference no: EM131001594

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.

Reference no: EM131001594

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Compute the receivables turnover ratio : 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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Compute the receivables turnover ratio

Reference no: EM131001594

Reference no: EM131001594

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