es
bl
iva
ce
Re
r8
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a
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C

c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicate...
Learning Objectives

1. Describe the common classes of receivables.
2. Describe the accounting for uncollectible
receivabl...
Learning Objectives

6. Describe the accounting for notes receivable.
7. Describe the reporting of receivables on the
bala...
Lear
ning
Obje
ctive
Desc
r ibe
the c
o
mmo
n cla
s
rece ses of
ivab
les

1

c. 2014 Cengage Learning.   All Rights Reserv...
Classification of Receivables

o Accounts receivable are normally expected to
be collected within a relatively short perio...
Classification of Receivables

o Notes receivable are amounts that customers
owe for which a formal, written instrument of...
Classification of Receivables

o Other receivables expected to be collected

within one year are classified as current ass...
Lear
ning
Obje
ctive
De s c
ribe
th
e acc
unco
o
llect
ible unting fo
rece
ivab r
les

2

c. 2014 Cengage Learning.   All ...
Uncollectible Receivables

o Companies often sell their receivables to other

companies. This is called factoring the
rece...
Uncollectible Receivables

o Regardless of how careful a company is in

granting credit, some credit sales will be
uncolle...
Uncollectible Receivables

o Some indications that an account may be
uncollectible include the following:
 The receivable...
Uncollectible Receivables

o The direct write-off method of accounting for

uncollectible receivables records bad debt
exp...
Lear
ning
Obje
ctive
Desc
r ibe
th
e dir
meth
ec t w
od o
ritef acc
unco
of f
ou n t
llect
i
ible
rece ng for
ivab
les

3
...
Direct Write-Off Method

o On May 10, a $4,200 account receivable from D.
L. Ross has been determined to be
uncollectible....
Direct Write-Off Method

o The account written off on May 10 is later
collected on November 21.

Reinstatement
entry
Recei...
Lear
ning
Obje
Desc
ctive
r ibe
the a
llow
ac
ccou
w
nting ance me
th
f or u
ncol od of
lecti
ble
rece
ivab
l es

4

c. 20...
The Allowance Method

o On December 31, ExTone Company estimates
that a total of $30,000 of the $200,000 balance
of their ...
The Allowance Method

o The net amount that is expected to be

collected, $170,000 ($200,000 – $30,000), is
called the net...
The Allowance Method

o On January 21, John Parker’s account of $6,000
is written off because it is uncollectible.

Note t...
THE
ALLOWANCE
METHOD
The Allowance Method

o During 2014, ExTone Company writes off

$26,750 of uncollectible accounts, including
the $6,000 ac...
The Allowance Method

o If ExTone Company had written off $32,100 in
accounts receivable during 2014, Allowance
for Doubtf...
The Allowance Method

o Nancy Smith’s account of $5,000, which was

written off on April 2, is later collected on June
10....
Estimating Uncollectibles

o The allowance method requires an estimate of

uncollectible accounts at the end of the period...
Percent of Sales Method

o If ExTone Company’s credit sales for the

period are $3,000,000 and it is estimated that
3/4% w...
Percent of Sales Method

o After the following adjusting entry on

December 31 is posted, Allowance for
Doubtful Accounts ...
PERCENT OF
SALES METHOD
Analysis of Receivables Method

o The longer an account receivable is

outstanding, the less likely it is that it will be
...
Analysis of Receivables Method

o The analysis of receivables method is applied
as follows:

 Step 1: The due date of eac...
Analysis of Receivables Method
 Step 5: The total for each aged class is multiplied

by an estimated percentage of uncoll...
Analysis of Receivables Method

o The preceding steps are summarized in an
aging schedule, and this overall process is
cal...
ANALYSIS OF
RECEIVABLES
METHOD
Analysis of Receivables Method

o The estimate based on the age of receivables
is compared to the balance in the allowance...
Analysis of Receivables Method

o ExTone Company has an unadjusted credit

balance of $3,250 in Allowance for Doubtful
Acc...
Analysis of Receivables Method

o After the preceding adjusting entry is posted

to the ledger, ExTone Company’s Allowance...
Analysis of Receivables Method

o If ExTone Company’s unadjusted balance of

the allowance account had been a debit
balanc...
COMPARING
ESTIMATION
METHODS
Lear
ning
Obje
Com
ctive
pare
allow
the d
an
ir
ec t w
ce m
r
e
for u thods of ite-off an
ncol
lecti accounti d
ble a
n
c ...
Comparing Methods

1. The primary differences between the direct
write-off and allowance methods are
summarized below.
Lear
ning
Obje
Desc
ctive
r ibe
the a
cc
o u nt
ing f
or no
t es
rece
ivab
le

6

c. 2014 Cengage Learning.   All Rights R...
Characteristics of Notes Receivable

o A note receivable, or promissory note, is a

written document containing a promise ...
Characteristics of Notes Receivable
 The issuance date is the date a note is issued.
 The due date or maturity date is t...
NOTES
RECEIVABLE
Notes Receivable

o The maturity value is the amount that must be
paid at the due date of the note, which is the
sum of th...
Due Date of a 90-day Note

o What is the due date of a 90-day note dated
March 16?

 Days in March

31

 Minus issuance ...
Alternate Approach

o Total days in note
 Number of days in March
 Issue date of note, March 16
 Remaining days in Marc...
DUE DATE OF A
90-DAY NOTE
Accounting for Notes Receivable

o Received a $6,000, 12%, 30-day note dated
November 21, 2014, in settlement of the
accou...
Accounting for Notes Receivable

o On December 21, when the note matures, the

firm receives $6,060 from W. A. Bunn Compan...
Accounting for Notes Receivable

o If W. A. Bunn Company fails to pay the note on
the due date, it is considered a dishono...
Accounting for Notes Receivable

o A 90-day, 12% note dated December 1, 2014, is
received from Crawford Company to settle ...
Accounting for Notes Receivable

o Assuming that the accounting period ends on

December 31, an adjusting entry is require...
Accounting for Notes Receivable

o On March 1, 2015, $4,120 is received for the
note ($4,000) and interest ($120).

c. 201...
Lear
ning
Obje
ctive
Desc
rece
ribe
iv
able
s on

the r
the b eporting
alan
ce sh of
e et

7

c. 2014 Cengage Learning.   ...
REPORTING
RECEIVABLES ON
THE BALANCE
SHEET
Lear
ning
Obje
ctive
Desc
r
num accounibe and i
ber
ts r
llu
re
st
ro
evalu f days’ sceivablerate the
u
ales
ate a
t
in re...
Accounts Receivable Turnover

o The accounts receivable turnover measures

how frequently during the year the accounts
rec...
ACCOUNTS RECEIVABLE
TURNOVER
Number of Days Sales in Receivables

o The number of days’ sales in receivables is an
estimate of the length of time the a...
NUMBER OF DAYS SALES IN
RECEIVABLES
es
bl
iva
ce
Re
nd
eE
h
T

c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or...
Ch08 wrd12e instructor_final
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Ch08 wrd12e instructor_final

  1. 1. es bl iva ce Re r8 pt e a ha C c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  2. 2. Learning Objectives 1. Describe the common classes of receivables. 2. Describe the accounting for uncollectible receivables. 3. Describe the direct write-off method of accounting for uncollectible receivables. 4. Describe the allowance method of accounting for uncollectible receivables. 5. Compare the direct write-off and allowance methods of accounting for uncollectible accounts.
  3. 3. Learning Objectives 6. Describe the accounting for notes receivable. 7. Describe the reporting of receivables on the balance sheet. 8. Describe and illustrate the use of accounts receivable turnover and number of days’ sales in receivables to evaluate a company’s efficiency in collecting its receivables.
  4. 4. Lear ning Obje ctive Desc r ibe the c o mmo n cla s rece ses of ivab les 1 c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  5. 5. Classification of Receivables o Accounts receivable are normally expected to be collected within a relatively short period, such as 30 or 60 days. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  6. 6. Classification of Receivables o Notes receivable are amounts that customers owe for which a formal, written instrument of credit has been issued. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  7. 7. Classification of Receivables o Other receivables expected to be collected within one year are classified as current assets. If collection is expected beyond one year, these receivables are classified as noncurrent assets and reported under the caption Investments. Examples of other receivables include:  Interest receivable  Taxes receivable  Receivables from officers or employees c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  8. 8. Lear ning Obje ctive De s c ribe th e acc unco o llect ible unting fo rece ivab r les 2 c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  9. 9. Uncollectible Receivables o Companies often sell their receivables to other companies. This is called factoring the receivables, and the buyer of the receivables is called a factor. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  10. 10. Uncollectible Receivables o Regardless of how careful a company is in granting credit, some credit sales will be uncollectible. The operating expense recorded from uncollectible receivables is called bad debt expense, uncollectible accounts expense, or doubtful accounts expense. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  11. 11. Uncollectible Receivables o Some indications that an account may be uncollectible include the following:  The receivable is past due.  The customer does not respond to the company’s attempts to collect.  The customer files for bankruptcy.  The customer closes its business.  The company cannot locate the customer. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  12. 12. Uncollectible Receivables o The direct write-off method of accounting for uncollectible receivables records bad debt expense only when an account is determined to be worthless. The allowance method records bad debt expense by estimating uncollectible accounts at the end of the accounting period. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  13. 13. Lear ning Obje ctive Desc r ibe th e dir meth ec t w od o ritef acc unco of f ou n t llect i ible rece ng for ivab les 3 c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  14. 14. Direct Write-Off Method o On May 10, a $4,200 account receivable from D. L. Ross has been determined to be uncollectible. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  15. 15. Direct Write-Off Method o The account written off on May 10 is later collected on November 21. Reinstatement entry Receipt of cash entry c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  16. 16. Lear ning Obje Desc ctive r ibe the a llow ac ccou w nting ance me th f or u ncol od of lecti ble rece ivab l es 4 c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  17. 17. The Allowance Method o On December 31, ExTone Company estimates that a total of $30,000 of the $200,000 balance of their accounts receivable will eventually be uncollectible. The specific customer accounts cannot be decreased, so a contra account, Allowance for Doubtful Accounts, is credited. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  18. 18. The Allowance Method o The net amount that is expected to be collected, $170,000 ($200,000 – $30,000), is called the net realizable value (NRV) of the receivables. The adjusting entry reduces receivables to the NRV and matches uncollectible expenses with revenues. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  19. 19. The Allowance Method o On January 21, John Parker’s account of $6,000 is written off because it is uncollectible. Note that the allowance account credited earlier is debited at the write-off, not Bad Debt Expense. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  20. 20. THE ALLOWANCE METHOD
  21. 21. The Allowance Method o During 2014, ExTone Company writes off $26,750 of uncollectible accounts, including the $6,000 account of John Parker. After posting all entries to write off uncollectible amounts, Allowance for Doubtful Accounts will have a credit balance of $3,250 ($30,000 – $26,750). c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  22. 22. The Allowance Method o If ExTone Company had written off $32,100 in accounts receivable during 2014, Allowance for Doubtful Accounts would have a debit balance of $2,100. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  23. 23. The Allowance Method o Nancy Smith’s account of $5,000, which was written off on April 2, is later collected on June 10. Two entries are needed: one to reinstate Nancy Smith’s account and a second to record receipt of the cash. Reinstatement entry Receipt of cash entry c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  24. 24. Estimating Uncollectibles o The allowance method requires an estimate of uncollectible accounts at the end of the period. Two methods are used to estimate the amount debited to Bad Debt Expense.  Percent of sales method  Analysis of receivables method c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  25. 25. Percent of Sales Method o If ExTone Company’s credit sales for the period are $3,000,000 and it is estimated that 3/4% will be uncollectible, Bad Debt Expense is debited for $22,500 ($3,000,000 x .0075). This approach disregards the balance of $3,250 in the allowance account before the adjustment. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  26. 26. Percent of Sales Method o After the following adjusting entry on December 31 is posted, Allowance for Doubtful Accounts will have a balance of $25,750 ($3,250 + $22,500). c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  27. 27. PERCENT OF SALES METHOD
  28. 28. Analysis of Receivables Method o The longer an account receivable is outstanding, the less likely it is that it will be collected. Basing the estimate of uncollectible accounts on how long specific amounts have been outstanding is called aging the receivables. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  29. 29. Analysis of Receivables Method o The analysis of receivables method is applied as follows:  Step 1: The due date of each account receivable is determined.  Step 2: The number of days each account is past due is determined.  Step 3: Each account is placed in an aged class according to its days past due.  Step 4: The totals for each aged class are determined. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  30. 30. Analysis of Receivables Method  Step 5: The total for each aged class is multiplied by an estimated percentage of uncollectible accounts for that class.  Step 6: The estimated total of uncollectible accounts is determined as the sum of the uncollectible accounts for each aged class. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  31. 31. Analysis of Receivables Method o The preceding steps are summarized in an aging schedule, and this overall process is called aging the receivables. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  32. 32. ANALYSIS OF RECEIVABLES METHOD
  33. 33. Analysis of Receivables Method o The estimate based on the age of receivables is compared to the balance in the allowance account to determine the amount of the adjusting entry. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  34. 34. Analysis of Receivables Method o ExTone Company has an unadjusted credit balance of $3,250 in Allowance for Doubtful Accounts. In Exhibit 1, the estimated uncollectible accounts totaled $26,490. The amount to be added to the allowance account is $23,240 ($26,490 – $3,250). The adjusting entry is as follows: c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  35. 35. Analysis of Receivables Method o After the preceding adjusting entry is posted to the ledger, ExTone Company’s Allowance for Doubtful Accounts will have an adjusted balance of $26,490. This is the amount that was determined by aging the accounts. Same amount as the estimated amount determined by the aging process. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  36. 36. Analysis of Receivables Method o If ExTone Company’s unadjusted balance of the allowance account had been a debit balance of $2,100, the amount of the adjustment would have been $28,590 ($26,490 + $2,100). c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  37. 37. COMPARING ESTIMATION METHODS
  38. 38. Lear ning Obje Com ctive pare allow the d an ir ec t w ce m r e for u thods of ite-off an ncol lecti accounti d ble a n c c ou g nts 5 c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  39. 39. Comparing Methods 1. The primary differences between the direct write-off and allowance methods are summarized below.
  40. 40. Lear ning Obje Desc ctive r ibe the a cc o u nt ing f or no t es rece ivab le 6 c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  41. 41. Characteristics of Notes Receivable o A note receivable, or promissory note, is a written document containing a promise to pay. Characteristics of a promissory note are as follows:  The maker is the party making the promise to pay.  The payee is the party to whom the note is payable.  The face amount is the amount the note is written for on its face. (continued) c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  42. 42. Characteristics of Notes Receivable  The issuance date is the date a note is issued.  The due date or maturity date is the date the note is to be paid.  The term of a note is the amount of time between the issuance and due dates.  The interest rate is the rate of interest that must be paid on the face amount for the term of the note. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  43. 43. NOTES RECEIVABLE
  44. 44. Notes Receivable o The maturity value is the amount that must be paid at the due date of the note, which is the sum of the face amount and the interest. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  45. 45. Due Date of a 90-day Note o What is the due date of a 90-day note dated March 16?  Days in March 31  Minus issuance date of note 16  Days remaining in March 15  Add days in April 30  Add days in May 31  Add days in June (due date of June 14)  Term of note 90 days 14 90 days c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  46. 46. Alternate Approach o Total days in note  Number of days in March  Issue date of note, March 16  Remaining days in March days  Number of days in April  Number of days in May days 90 days 31 (16) 15 30 31  Residual days in June (14) Answer: June 14 days c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  47. 47. DUE DATE OF A 90-DAY NOTE
  48. 48. Accounting for Notes Receivable o Received a $6,000, 12%, 30-day note dated November 21, 2014, in settlement of the account of W. A. Bunn Company. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  49. 49. Accounting for Notes Receivable o On December 21, when the note matures, the firm receives $6,060 from W. A. Bunn Company ($6,000 face amount plus $60 interest). c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  50. 50. Accounting for Notes Receivable o If W. A. Bunn Company fails to pay the note on the due date, it is considered a dishonored note receivable. The note and interest are transferred back to the customer’s account receivable. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  51. 51. Accounting for Notes Receivable o A 90-day, 12% note dated December 1, 2014, is received from Crawford Company to settle its account, which has a balance of $4,000. c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  52. 52. Accounting for Notes Receivable o Assuming that the accounting period ends on December 31, an adjusting entry is required to record the accrued interest of $40 ($4,000 x 0.12 x 30/360). c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  53. 53. Accounting for Notes Receivable o On March 1, 2015, $4,120 is received for the note ($4,000) and interest ($120). c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  54. 54. Lear ning Obje ctive Desc rece ribe iv able s on the r the b eporting alan ce sh of e et 7 c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  55. 55. REPORTING RECEIVABLES ON THE BALANCE SHEET
  56. 56. Lear ning Obje ctive Desc r num accounibe and i ber ts r llu re st ro evalu f days’ sceivablerate the u ales ate a t in re urnover se of com colle pany’s ceivab and le s cting e its refficiency to ceiva in bles . 8 c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  57. 57. Accounts Receivable Turnover o The accounts receivable turnover measures how frequently during the year the accounts receivable are being converted to cash. Accounts Receivable Turnover = Net Sales Average Accounts Receivable c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  58. 58. ACCOUNTS RECEIVABLE TURNOVER
  59. 59. Number of Days Sales in Receivables o The number of days’ sales in receivables is an estimate of the length of time the accounts receivable have been outstanding. Number of Days’ Average Accounts Receivable Sales in = Average Daily Sales Receivables c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
  60. 60. NUMBER OF DAYS SALES IN RECEIVABLES
  61. 61. es bl iva ce Re nd eE h T c. 2014 Cengage Learning.   All Rights Reserved.  May not be copied, scanned, or duplicated, or posted to a publicly accessible website, in whole or in part.
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