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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2049 2018 Sales $8,040,000 $6,844,500 Accounts receivable: Beginning
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2049 2018 Sales $8,040,000 $6,844,500 Accounts receivable: Beginning of year End of year 610,000 590,000 560,000 610,000 a. Determine the accounts receivable turnover for 2049 and 20Y8. Round answers to one decimal place. 2048: 2019: b. Determine the days' sales in receivables for 2019 and 20Y8. Use 365 days and round all calculations to one decimal place. 2048: days 2019: days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 2049 favorable or unfavorable? Favorable Feedback Check My Work Accounts Receivable Turnover = Sales/Average Accounts Receivable Number of Days' Sales in Receivables = Average Accounts Receivable/Average Daily Sales
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