$23$

$01$:$4101$

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You review the below information for your daycare business, and it reveals decreasing profits despite increasing sales. You hire an along with discontinuing service to those most delayed in payments."

analyst who highlights several points, including that "Accounts receivable turnover is too low. Tighter credit policies are recommended

Net sales

Accounts receivable

Protit

$2023$

$$1,646,000$

$454,000$

$398,000$

$2022$

$$1,165,000$

$108,000$

$415,650$

$2021$

$$1,051,000$

$78,500$

$426,050$

Subrin

Calculate the account receivable turnover for $2023$ and $2022.$ Indicate whether the change in accounts receivable turnover is favourable or unfavourable. $($Round the final answers to $2$ decimal places.$)$

$2023$

$2022$

Accounts receivable turnover

times

times