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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2019 20Y8 Sales $7,722,000 $6,493,500 Accounts receivable:
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2019 20Y8 Sales $7,722,000 $6,493,500 Accounts receivable: Beginning of year End of year 590,000 580,000 520,000 590,000 a. Determine the accounts receivable turnover for 2019 and 20YB. Round answers to one decimal place. 20Y8: 20Y9: b. Determine the days' sales in receivables for 2019 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 2019 favorable or unfavorable?
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