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Accounts Receivable Analysis progress=false The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, 1/45 2013 2012
Accounts Receivable Analysis progress=false The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, 1/45 2013 2012 2011 Accounts receivable, end of year $149,600 $157,000 $164,200 Sales on account 1,027,110 979,660 a. For 2072 and 2043, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables, Round answers to one decimat place. Assume a 365 day year. 2013 2012 1. Accounts receivable turnover 2. Number of days' sales in receivables days days b. The collection of accounts receivable has This can be seen in both the In accounts receivable turnover and the in the collection period
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