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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, 1/45. 2013 2012 2011

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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, 1/45. 2013 2012 2011 Accounts receivable, end of year $212,000 $225,000 $241,200 Sales on account 1,182,600 1,097,920 a. For 20Y2 and 20Y3, 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. 2013 2012 1. Accounts receivable tumover 2. Number of days' sales in receivables b. The collection of accounts receivable has This can be seen in both the in accounts receivable turnover and the in the collection period. days days

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