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2nd - Ch 8 Practice Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 2018
2nd - Ch 8 Practice Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 2018 Sales Accounts receivable: $8,572,500 $7,072,500 Beginning of year End of year 640,000 630,000 590,000 640,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y8: 20Y9: b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 20Y8: 20Y9: days days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 2008 to 20Y9 favorable or unfavorable? Check My Work 1 more Check My Work uses remaining. Previous Next
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