(Solution) - The following data are taken from the financial statements of 119857 -(2025 Original AI-Free Solution)

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The following data are taken from the financial statements of Ovation Industries Inc. Terms of all sales are 1/10, n/55.

a. Determine for each year (1) the accounts receivable turnover and (2) the number of days? sales in receivables. Round to nearest dollar and to one decimal place.
b. What conclusions can be drawn from these data concerning accounts receivable and creditpolicies?