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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: a. Determine the accounts receivable tumover for 20Yg

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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: a. Determine the accounts receivable tumover for 20Yg and 20Y8. Round your answers to one decimal place. 20yes: 20r9: b. Determine the days' sales in receivables for 20rg and 20Y8. Assume 365 days in a year. Round intermediate calculations and final answers to one decimal place. \begin{tabular}{l|l} 20ysi _davs \\ 20r9: & days \end{tabular} c. Are the changes in the accounte recelvable turnover and days' sales in receivables from 20s to 20rg favorable or unfavorable? Ferilia "Oers Mr wir Accounts frecelvable Timover - Sales/Averape Accounts Rocolvable Analysis of receivables method At the end of the current year, Accounts Receivable has a balance of $5,125,000; Allowance for Doubtful Accounts has a debit balance of $32, 600; and sales for the year total $105,550,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $225,000. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. c. Determine the net realizable value of accounts receivable. x Fenthack * Gteok Mr Work The analysis of recelvables method is based on the assumption that the longer an account receivable is outstanding the less likely that it will be collected, The amount of the adfusting entry is the amount that will yiald an adfusted bolance for Allowance for Doubtful Aecounts equal to the. estimated balance

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