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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, n/45. 20Y3 20Y2
Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $190,200 $204,000 $219,400 Sales on account 1,182,600 1,122,010 a. For 2012 and 20Y3, 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. 1. Accounts receivable turnover Number of days' sales in receivables 6. The collection of accounts receivable has collection period. in accounts receivable turnover and the 20Y3 days 20Y2 This can be seen in both the in the days
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