Account receivable turnover

Accounts receivable analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $705,000 $630,000 $580,000 Sales on account 5,668,000 4,500,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the requ the questions below. X Open spreadsheet a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days sales in r not round intermediate calculations. Round your answers to one decimal place. 20Y3 20Y2 1. Accounts receivable turnover 8.0 X 7.1 2. Number of days' sales in receivables 46 X days 51 X days b. The collection of accounts receivable has improved v . This can be seen in both the increase in decrease v in the collection period. Feedback