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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2079 2018 Sales $8,107,000 $6,786,000 Accounts receivable: Beginning
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2079 2018 Sales $8,107,000 $6,786,000 Accounts receivable: Beginning of year 610,000 560,000 End of year 600,000 610,000 a. Determine the accounts receivable turnover for 20y9 and 2078. Round answers to one decimal place. 2048: 9.0 X 2019: 7.6 X b. Determine the days' sales in receivables for 2019 and 2078. Use 365 days and round all calculations to one decimal place 40.6 x days 2018: 2019: 40.6 X days C. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 20y9 favorable or unfavorable? Favorable
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