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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: Accounts receivable: Beginning of year 5 9 0
Accounts receivable turnover and days' sales in receivables
For two recent years, Robinhood Company reported the following:
Accounts receivable:
Beginning of year
End of year
a Determine the accounts receivable turnover for and Y Round answers to one decimal place.
Y:
Y:
b Determine the days' sales in receivables for and Use days and round all calculations to one decimal place.
Y: days
Y: days
c Are the changes in the accounts receivable turnover and days' sales in receivables from to favorable or unfavorable?
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