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Accounts receivable: Beginning of year End of year 6 1 0 , 0 0 0 5 9 0 , 0 0 0 5 5 0
Accounts receivable:
Beginning of year
End of year
a Determine the accounts receivable turnover for Y and Y Round your answers to one decimal place.
Y:
Y:
b Determine the days' sales in receivables for and Y Assume days in a year. Round intermediate calculations and final answers to one decimal place.
Y:
V
days days
C Are the changes in the accounts receivable turnover and days' sales in receivables from Y to Y favorable or unfavorable?
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