(Solution) - The 2009 financial statements of Winpak Ltd contained the following -(2025 Original AI-Free Solution)

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The 2009 financial statements of Winpak Ltd. contained the following information, in thousands of US dollars. (Winpak sells high-quality packaging materials and packaging machines.)

Required:
a. What percentages of Winpak's accounts receivable were considered uncollectible in each of 2009 and 2008? Is the trend favourable or unfavourable?
b. Calculate Winpak's accounts receivable turnover rates for 2009 and 2008 using the ending balances of the receivables for each year rather than the average receivables. Is the trend favourable or unfavourable?
c. What was the average number of days taken by Winpak to collect its accounts receivable in 2009? In 2008? Do these figures provide insights beyond what the results in part "b" showed? Explain.