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Reclassification

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Reclassification Holman Electronics manufactures audio equipment, selling it through various distributors. Holman’s days sales outstanding (Accounts receivable / Average daily credit sales) figures increased steadily in 2011 and then spiked dramatically in 2012, peaking at 120 days in the second quarter. In the third quarter of 2012, Holman’s days sales outstanding figure dropped to 90 […]

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