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Accounts receivable tumover, 2083, 8.2 EX 14-9 Accounts receivable analysis Obj. 3 The following data are taken from the financial statements of Sigmon Inc. Terms

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Accounts receivable tumover, 2083, 8.2 EX 14-9 Accounts receivable analysis Obj. 3 The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 2013 2012 2011 Accounts receivable, end of year $ 725,000 $ 650,000 $600,000 Sales on account 5,637,500 4,687,500 A. For 2012 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. (Round to the nearest dollar and one decimal place.) What conclusions can be drawn from these data concerning accounts receivable and credit policies

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