1. For each of the four years' Sales listed below, Compute the Accounts Receivable Turnover Ratio and Compute the Day's Sales in Receivables You may do the work by hand on a separate picece of paper, or in a spreadsheet which you print Show work. 2. Based on the two ratios you've just computed, write no more than two paragraphs expressing your opinion of how well the business is managing Accounts Receivable. Are there any additional questions that come to mind when examining the year-to-year data? Other Information - Credit sales are based on credit terms of "net 30" (meaning that payment is expected within 30 days). Early payment discounts are not offered. Sales and Accounts Receivable Data: (amounts are as of December 31) 2016 2017 2018 2019 2020 Total Sales Revenue 800,165.78 1,023,053.40 1,003,739.00 898,395.27 Assume 89% of Sales are on credit (This means you'll need to calculate the dollar value of "Credit Sales" before calculating the Accounts Receivable Turnover Ratio.) Accts Receivable 62,853.13 53,161.56 101,703.67 57,650.28 54,913.32