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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: Sales Accounts receivable: Beginning of year End of

Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: Sales Accounts receivable: Beginning of year End of year 20Y9 20YS $7,965,000 $6,612,000 600,000 580,000 540,000 600,000 a. Determine the accounts receivable turnover for 2019 and 20Y8. Round answers to one decimal place. 20Y8: 20Y9: b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 20Y8: 20Y9: days days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 20Y9 favorable or unfavorable? 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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