Accounts Receivable Analysis

The following data are taken from the financial statements of McKee Technology Inc. Terms of all sales are 2/10, n/55.

	2016		2015		2014
Accounts receivable, end of year	$171,400		$179,000		$186,000
Net sales on account	963,600		912,500

a. For 2015 and 2016, 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.

	2016		2015
1. Accounts receivable turnover
2. Number of days' sales in receivables		days		days

b. The collection of accounts receivable has improved . This can be seen in both the increase in accounts receivable turnover and the decrease in the collection period.

32 Cergege X 5 Cenoug:NOWZ | Online XX + CO O Not secure | v2.engagernew.com/in/skenssignment/lakeassignmenimsirudku Tiruiker -8ssignmentsatukeassignment Sessiorilocator-sssignment-takeskinprogress=false TAMEN - X 4 en ! HOMEWORK 15 ebook Show Me How B calculator BPrint ben Accounts Receivabile Analysis 1 PE 15-18 2. PE.15 2B 3 E 15-3B 1 FE 15-18 5. PE.155.B 6 FE 15-11H 7. EX.15-1.Algo The following data are taken from the financial statements of McKee Technology Inc. Terms of all sales are 2/10, '55. 2016 2015 2014 Aiucunts receivable, end u year $171,400 $174,000 $180,000 Net sales on account OG3.600 12,500 d. For 2015 and 20:0, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Hound arswers to une decimal place. Assume a 365-day year. 2010 1. Amon.nts receivable turnover 2. Number of days' sales in receivables dass b. The collection of accounts receivable has improved v. This can be seen in both the increase in accounts receivable tumower and the decrease in the collection period. 5. Ex. 12-1.Ayo 9 Ex. 15-A.Ayo 10. EX.15-6. ALGO 11. LX.159.ALGO 12. EX.15-11.ALGO Chess Viy Viorik a1. Divide net sale: by avenge occounts recevabic. werap: Accounts receivabic = Ecpinning accounts Racewablie - Ending accounts Recewatc) + 2. 82. Cinise awarga asunte CNNate try everaga taip 889 on 30cunt. Avereza Asunts receivele - (leginnng Actus Receivele Enting Amunta Pacavatie) 2 Average aty 3883 en Bocount - NA Ssles 385 days b. Consider the relationship of the accounts involved. Consider the cffects of the changes on the business. Lessing Ctectve 2. 13. CX.15 21 ALGO 14. m15-1 AL30 15. 1-2 Alga Check My Work Progress: 11/15 items (Previous Next > Assignment Score: 72.05 All work saved. Suberit Assignment for Gradiny O Type here to search 0 0 e . A 9 % AD 460 11121017 R 1:16 AM