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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 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, n/45 20Y3 20Y2 2011 Accounts receivable, end of year $725,000 $650,000 $600,000 Sales on account 5,637,500 4,687,500 a. For 2012 and 2043, determine (1) the accounts receivable tumover and (2) the number of days! sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. 2013 20Y2 1. Accounts receivable turnover 2. Number of days' sales in receivables days days b. The collection of accounts receivable has in accounts receivable turnover and the period This can be seen in both the in the collection Alwark Sid

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