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Computing Quality of Sales Ratios
Consider the following information for two hi-tech companies:
Oxford, LTD
Kendall, LTD
(Dollars in thousands)
Accounts receivable
Beginning of year
$ 9,915
$ 408
End of year
11,250
7,258
Sales for year
21,891
11,606
Required
a. Calculate the cash collected from customers for each firm.
b. Compute the quality of sales ratio for each firm.
c. What do these ratios indicate?
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