Accounts Receivable Turnover and Days' Sales in Receivables

For two recent years, Rosco Co. reported the following:

	Year 2		Year 1
Sales	$7,892,760		$7,435,050
Accounts receivable	781,100		766,500

Assume that the accounts receivable were $649,700 at the beginning of Year 1.

a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place.

Year 2:
Year 1:

b. Compute the days' sales in receivables at the end of Year 2 and Year 1. Use 365 days per year in your calculations. Round to one decimal place.

Year 2:............	days
Year 1:	days