Accounts receivable analysis The following data are taken from the financial statements Sigmon Inc. Terms of all sales are 2/10, n/45. 2013 2012 2011 Accounts receivable, end of year $700,000 $635,000 $595,000 Sales on account 5,656,000 4,580,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume a 365-day year. Do not round intermediate calculations. Round your answers to one decimal place. 2013 2012 1. Accounts receivable turnover 5.6 X 4.9 X 2. Number of days' sales in receivables 65.7 X days 74.3 X days This can be seen in both the increase in accounts receivable turnover and the decrease in the collection b. The collection of accounts receivable has improved period