Accounts Receivable Analysis

The following data are taken from the financial statements of McKee Technology Inc. Terms of all sales are 2/10, n/55.

	2016		2015		2014
Accounts receivable, end of year	$157,200		$164,000		$171,800
Net sales on account	979,660		923,450

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.

	2016		2015
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 in the collection period.

HtD s-lalse Cacutbior 1 FX 13-5 A 2. Ex.13 11 go 3 Fx 13-7 Agn Accounts Recivahe Analyai The ollowig data are taken froen the finantial statens r Hckee Technolagy En Terms of al sales are 2/10, y55. 2015 Acvounts teceivable, end uf yea tales on account 070,GG0 923,450 5. EX15-11 ALGO dFor 2015 and 202 determine 1) the aucourts recer able turnover nd 2 the number of days sales reue'vables. Rour d ana erstone ceoma pdace. Assume Jb5-day ye ar 1 Accounts receivable turnover days days h The oollection of acunts receable has inthe. tillktinnperiod. 9 EX 1321 AL 10. EX.14-15 ALGO 11. P1.14 2.Ago Previcus Next Progress: 611 rtoms me Remaining: 1:5045 O Type nere to search