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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 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 $204,100 $219,000 $233,600 Sales on account 1,143,180 1,040,980 1. For 2012 and 2043, determine (1) the accounts receivable turnover and () the number of days' sales in receivables. Round answers to one decimal place. Anume a 365-day yeme. 2013 2012 1. Accounts receivable turnover 2. Number of days' sales in receivables days days b. The collection of accounts receivable has This can be seen in both the in accounts receivable turnover and the the collection period
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