Accounts receivable turnover and days sales in receivables

For two recent years, Robinhood Company reported the following:

20Y9 20Y8

Sales $8,246,000 $6,962,000

Accounts

Receivable:

Beginning of year: 630,000 550,000

End of year: 610,000 630,000

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

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

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

Favorable

eBook Show Me How Calculator Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2049 20Y8 Sales $8,246,000 $6,962,000 Accounts receivable: Beginning of year 630,000 550,000 End of year 610,000 630,000 a. Determine the accounts receivable turnover for 2049 and 20Y8. Round answers to one decimal place. 2048: 11.8 2049: 13.4 x b. Determine the days' sales in receivables for 2019 and 20Y8. Use 365 days and round all calculations to one decimal place. 2048: 27.2 x days 2079: 30.9 x days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 20y9 favorable or unfavorable? Favorable Feedback Check My Work Accounts Receivable Turnover = Sales/Average Accounts Receivable Check My Work 2 more Check My Work uses remaining. Previous