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Account receivable turnover and days sales in recievable: for two recent years robinhood company reported the following: 20Y9 20Y8 Sales: 8710000. 7245000 Account recievable: beginning
Account receivable turnover and days sales in recievable:
for two recent years robinhood company reported the following:
20Y9 20Y8
Sales: 8710000. 7245000
Account recievable:
beginning of the year. 660000. 600000
end of the year. 640000. 660000
a. determine the account recievable turnover for 20Y9 and 20Y8 (round answer to one decimal place
b. determine the days salez in recievablez for 20Y9 and 20Y8. Assume 365 days in a year ( round intermediate calculation and final answets to
one decimal place.
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