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 $705,000 $640,000 $595,000 Sales on account 5,682,000 4,528,000 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 Open spreadsheet a. For 2012 and 2043, 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 decrease 2. Number of days' sales in receivables days days increase This can be seen in both the in accounts receivable turnover and the b. The collection of accounts receivable has in the collection period