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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 $7,906,000 Sales Accounts receivable: Beginning of End
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 $7,906,000 Sales Accounts receivable: Beginning of End of year 20Y8: 20Y9: 540,000 600,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. year 20Y8: 20Y9: b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 600,000 580,000 days 20Y8 $6,726,000 days 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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