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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. 2013 2012 20Y1
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 20Y1 Accounts receivable, end of year $106,000 $113,000 $120,600 Sales on account 635,100 607,360 a. For 2012 and 2043, determine (1) the accounts recevable turnover and (2) the number of days' sales in receivables. Round answers to one decimal place. Assume a 365-day year. 20Y3 20Y2 days days 1. Accounts receivable turnover 2. Number of days' sales in receivables b. The collection of accounts receivable has in accounts receivable turnover and the period. This can be seen in both the in the collection
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