Financial statement data for the years ended December 31 for Blum Company are shown below. a. Determine

Question:

Financial statement data for the years ended December 31 for Blum Company are shown below.
Financial statement data for the years ended December 31 for

a. Determine the accounts receivable turnover for 2015 and 2014. Round to one decimal place.
b. Determine the days€™ sales in receivables for 2015 and 2014. Round to one decimal place.
c. Does the change in accounts receivable turnover and the days€™ sales in receivables from 2014 to 2015 indicate a favourable or an unfavourable trend?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

Question Posted: