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Unformatted text preview: In-Class Exercise #5S
ACCT 23020 1a. What were the two sources of sales revenue
for Yum! Brands for 2006?
b. When do they recognize revenue from each
source? 2. a. Calculate Yum!’s Quick ratio(Acid Test)
for FYE 2005 and 2006. b. Evaluate the ratio.(What does it measure?
Is it improving?) ...
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