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Accounts receivable turnover and days sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 20Y8 Sales $7,326,000 $6,313,000 Accounts receivable: Beginning

Accounts receivable turnover and days sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 20Y8 Sales $7,326,000 $6,313,000 Accounts receivable: Beginning of year 560,000 510,000 End of year 550,000 560,000

a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y8: fill in the blank 1 20Y9:

b. Determine the days sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 20Y8: fill in the blank 3 days 20Y9: fill in the blank 4 days c. Are the changes in the accounts receivable turnover and days sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?

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