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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2049 2048 Sales $7,656,000 $6,490,000 Accounts receivable: Beginning
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2049 2048 Sales $7,656,000 $6,490,000 Accounts receivable: Beginning of year 590,000 510,000 End of year 570,000 590,000 a. Determine the accounts receivable turnover for 2049 and 20Y8. Round answers to one decimal place. 2048: 11.5 x 2019: 13.5 x b. Determine the days' sales in receivables for 2049 and 20Y8. Use 365 days and round all calculations to one decimal place. 2048: 32 x days 2049: 27 x days C. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 20y9 favorable or unfavorable? Favorable 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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