(b) Calculate the ratio of Allowance for Uncollectible Accounts to Accounts Receivable at the end of January. Based on a comparison of this ratio to the same ratio at the beginning of January, does the company expect an improvement or worsening in cash collections from customers on credit sales?
Ratio of Allowance for Uncollectible Accounts to Accounts Receivable
%
Should the company expect improving or worsening conditions?
Improving
Answer & Explanation
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