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Account Row A The following data are taken from the financial statements of Rose and Shine Company. Terms of all sales are 2/10, 1/30 Year

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Account Row A The following data are taken from the financial statements of Rose and Shine Company. Terms of all sales are 2/10, 1/30 Year Year 2 Year 1 Accounts recha, end of year 5163,800 5172.000 $175,400 990,610 946,080 a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of years in recevable. Assume there are 365 days in the year. Round Intermediate calculations to the nearest whole dollar and final answers to one decimal place. Year 3 Year 2 1. Accounts receivable turnover 2. Number of days in receivables days days b. What conclusion from these data concerning accounts receivable and credit policies? The collection of accounts rechas . This can be seen in the in accounts receivable turnover and the in the colection period. The company other became aggressive in colecting accounts receivable restrictive in granting credit to customers in Year)

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