Accounts Receivable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, 1/30. Year 3 Year 2 Year 1 Accounts receivable, end of year $127,800 $135,000 $142,400 Sales 788,400 721,240 2. For Years 2 and 3, determine (1) the accounts receivable tumover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round Intermediate calculations to the nearest whole dollar and final answers to one decimal place. Year 3 Year 2 1. Accounts receivable turnover 2. Number of days' sales in receivables days days b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has This can be seen the in accounts receivable turnover and the in the collection period. The company either became assive in collecting accounts receivable or restrictive in granting credit to customers in Year Accounts Receivable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, 1/30. Year 3 Year 2 Year 1 Accounts receivable, end of year $127,800 $135,000 $142,400 Sales 788,400 721,240 a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Roun intermediate calculations to the nearest whole dollar and final answers to one decimal place. Year 3 Year 2 1. Accounts receivable turnover 2. Number of days soles in receivables days days b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has This can be seen in the in accounts receivable turnover and the in the collection period. The company either aggressive in collecting accounts receivable or restrictive in granting credit to customers in Year 3. declined improved Accounts Receivable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, 1/30. Year 3 Year 2 Year 1 Accounts receivable, end of year $127,800 $135,000 $142,400 Sales 788,400 721,240 a. For years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days sales in receivables. Assume there are 365 days in the year. Round Intermediate calculations to the nearest whole dollar and final answers to one decimal place. Year 3 Year 2 1. Accounts receivable turnover 2. Number of days' sales in recevables days days b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has This can be seen in the in accounts receivable turnover and the in the collection period. The company either became aggressive in colle its receivable or restrictive in granting credit decrease to customers in Year 3 Increase Accounts Receivable Analysis Sales The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, n/30. Year 3 Year 2 Year 1 Accounts receivable, end of year $129,800 $135,000 $142.400 788,400 721,240 a. For Yours 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days sales in recevables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimat place Year 3 Year 2 1. Accounts receivable turnover 2. Number of days sales in receivables days days b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has This can be seen in the in accounts receivable turnover and the In the collection period. The company either became aggressive in collecting accounts receivable or Increase to customers in Year restrictive redit reduction Accounts Receivable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, 1/30 Year 3 Year 2 Year 1 Accounts receivable, end of year $127,800 $135,000 $142.400 Sales 785,400 721,240 a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round Intermediate calculations to the nearest whole dollar and final answers to one decimal place. Year 3 Year 2 1. Accounts receivable turnover 2. Number of days sales in receivables days days b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The colection of accounts receivable has This can be seen in the In accounts recevable turnover and the in the collection period. The company either became pogressive in collecting accounts receivable or restrictive in granting credit to customers in Year 3. less more Accounts Receivable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, 1/30. Year 3 Year 2 Year 1 Accounts receivable, end of year $127.800 5135.000 $142,400 Sales 798,400 721,240 a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days sales in receivables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. Year Year 2 1. Accounts receivable turnover 2. Number of days sales in receivables days days b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has This can be seen in the in accounts receivable turnover and the in the collection period. The company either became aggressive in collecting accounts receivable or restrictive in granting credit to customers in Year) more