Accounts Receivable Analysis

The following data are taken from the financial statements of Outdoor Patio Inc. Terms of all sales are 2/10, n/60.

	Year 3		Year 2		Year 1
Accounts receivable, end of year	$127,800		$135,000		$142,400
Sales	854,100		804,460

a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. 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' sales in receivables		days		days