11.

The Cash and Accounts Receivable end-of-year balances for a company are provided below.

	Current Year		Prior Year
Cash	$56,048		$45,200
Accounts receivable (net)	17,263		28,300

Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage.

Account	Dollar Change		Percent Change
Cash	$fill in the blank 1		fill in the blank 2 %
Accounts Receivable	$fill in the blank 4		fill in the blank 5 %

increase,decrease

12.

A company reports the following:

	Sales	$578,160
	Average accounts receivable (net)	58,400

Round your answers to one decimal place. Assume a 365-day year.

a. Determine the accounts receivable turnover. fill in the blank 1

b. Determine the number of days' sales in receivables. fill in the blank 2