Accounts Receivable Analysis The following data are taken from the financial statements of McKee Technology Inc. Terms of all sales are 2/10, n/S5. 2016 2015 2014 Accounts recelvable, end of year $149,600 $157,000 $164,200 Net sales on account 843,150 786,940 a. For 2015 and 2016, 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 2015 2016 1. Accounts receivable turnover X X days 2. Number of days' sales in receivables days b. The collection of accounts receivable has improved in accounts receivable tumover and the decrease in the . This can be seen in both the increase collection period. Feedback Check My Work (Beginning Accounts Receivable + Ending Accounts Raceivable) 2 a.1. Divide net sales by average accounts receivable. Average Accounts receivable (Beginning Accounts Receivable& Ending Accounts Receivable) + 2. Average daly a.2. Divide average accounts receivable by average daily sales on account. Average Accounts receivable sales on account Net Sales+ 365 days b. Consider the relationship of the accounts involved. Consider the effects of the changes on the business. Learning Objective 2