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Accounts receivable turnover and days sales in receivables For two recent years, Robinhood Company reported the following: Accounts receivable turnover and days' sales in receivables
Accounts receivable turnover and days sales in receivables
For two recent years, Robinhood Company reported the following:
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2079 2018 Sales $8,509,000 $6,900,000 Accounts receivable: Beginning of year End of year 640,000 630,000 560,000 640,000 a. Determine the accounts receivable turnover for 2049 and 20Y8. Round answers to one decimal place. 20Y8: 20Y9: b. Determine the days' sales in receivables for 2049 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 20Y8 to 2049 favorable or unfavorable? Favorable
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