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Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, 1/45. 2013 2012 2011

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Accounts Receivable Analysis 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 $212,000 $226,000 $241,200 Sales on account 1,423,500 1,401,600 a. For 2012 and 2043, determine (1) the accounts receivable turnover and (2) the number of days sales in receivables. Round answers to one decimal place. Assume a 365-day year 20Y3 2012 1. Accounts receivable turnover days days 2. Number of days' sales in receivables b. The collection of accounts receivable has improved collection period. in accounts receivable turnover and the decrease in the This can be seen in both the increase

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