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Accounts receivable turnover and days' sales in receivables Financial statement data for years ending December 31 for Robinhood Company follow: 2019 2018 Sales $7,906,000 $6,726,000

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Accounts receivable turnover and days' sales in receivables Financial statement data for years ending December 31 for Robinhood Company follow: 2019 2018 Sales $7,906,000 $6,726,000 Accounts receivable: Beginning of year 600,000 540,000 End of year 580,000 600,000 a. Determine the accounts receivable turnover for 2049 and 20Y8. If required, round the final answers to one decimal place. Accounts Receivable Turnover 2049 2018 b. Determine the days' sales in receivables for 20y9 and 2018. Use 365 days, if required round the final answers to one decimal place Days Sales in Receivables 2019 days 20Y8 days 2049 2018 Sales $7,906,000 $6,726,000 Accounts receivable: Beginning of year 600,000 540,000 End of year 580,000 600,000 a. Determine the accounts receivable turnover for 2019 and 2078. If required, round the final answers to one decimal place. Accounts Receivable Turnover 2049 2048 b. Determine the days' sales in recevables for 2019 and 2078. Use 365 days, if required round the final answers to one decimal place. Days' Sales in Receivables 2049 days 2018 days c. Does the change in accounts receivable turnover and the days' sales in receivables from 2018 to 2049 Indicate a favorable or unfavorable change

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