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Accounts receivable turnover and days sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 20Y8 Sales $7,906,000 $6,552,000 Accounts receivable: Beginning

Accounts receivable turnover and days sales in receivables

For two recent years, Robinhood Company reported the following:

20Y9 20Y8
Sales $7,906,000 $6,552,000
Accounts receivable:
Beginning of year 600,000 520,000
End of year 580,000 600,000

a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place.

20Y8:

20Y9:

b. Determine the days sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place.

20Y8:

20Y9:

c. Are the changes in the accounts receivable turnover and days sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?

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