Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 2013 2012 2011 Accounts receivable, end of year $182,600 $197,000 $211,800 Sales on account 1,119,820 1,042,440 a. For 2012 and 2083, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers one decimal place. Assume a 365-day year. 20Y3 20Y2 1. Accounts receivable turnover 2. Number of days' sales in receivables X days X 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