The Hawk Company wants to determine the liquidity of its receivables. It has supplied you with the following data regarding selected accounts for December 31, 2000, and 1999:

2000 1999 Net sales $1,180,178 $2,200,000 Receivables, less allowance for losses and discounts Beginning of year (allowance for losses and discounts, 2000—$12,300; 1999—$7,180) 240,360 230,180 End of year (allowance for losses and discounts, 2000—$11,180; 1999—$12,300) 220,385 240,360 Required

a. Compute the number of days’ sales in receivables at December 31, 2000, and 1999.

b. Compute the accounts receivable turnover for 2000 and 1999. (Use year-end gross receivables.)

c. Comment on the liquidity of the Hawk Company receivables.