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19. The following information is taken from the records of Fellows Services Ltd. 2012 2011 2010 Accounts receivable $100,700 $95,400 $89,640 Allowance for doubtful accounts
19. The following information is taken from the records of Fellows Services Ltd.
2012 | 2011 | 2010 | |
Accounts receivable | $100,700 | $95,400 | $89,640 |
Allowance for doubtful accounts | 3,020 | 2,860 | 2,690 |
Sales revenue | 1,037,210 | 1,097,100 | 1,120,500 |
Sales discounts | 14,521 | 17,554 | 16,808 |
Instructions:
(a) Calculate the 2012 and 2011 accounts receivable turnover and collection period.
(b) Comment on any improvement or weakening in Fellows management of its receivables.
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