A. Assume that 20% of Net Revenue is Credit Sales. Please calcuate the Accounts Receivable Turnover in times and Days for FY 2011.

B. Is it good or bad?

C. Provide one recommendation for improvement.

The following financial data were taken from the 10-K of Weiss Corporation: Selected Accounts Current Assets Current Liabilities Net Revenue Cost of Goods Sold Inventory Accounts Receivable FY 2011 $ 350,000 $ 340,000 $ 1,400,000 $ 1,120,000 $ 250,000 $ 105,000 FY 2010 $ 400,000 $ 300,000 $ 1,500,000 $ 1,020,000 $ 200,000 $ 110,000 FY 2009 $ 450,000 $ 390,000 $ 1,450,000 $ 1,180,000 $ 280,000 $ 120,000 a. Assume that 20% of Net Revenue is Credit Sales. Please calculate the Accounts Receivable Turnover in ti days for FY 2011 (5%) b. Forget about competitor and industry index, is your calculation in (a) good or bad? Why? (59) c. Provide one (1) recommendation for improvement (5%)