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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2049 2018 Sales $7,303,000 $6,037,500 Accounts receivable: Beginning
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2049 2018 Sales $7,303,000 $6,037,500 Accounts receivable: Beginning of year 550,000 500,000 End of year 540,000 550,000 a. Determine the accounts receivable turnover for 2049 and 2048. 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. 2018: L x days x days 2019: c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 2049 favorable or unfavorable Favorable Feedback Check My Work counts Receivable
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