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Accounts Receivable Turnover and Days' Sales in Receivables For two recent years, Rosco Co. reported the following: Year 2 Year 1 Sales $6,701,400 $6,415,970 Accounts

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Accounts Receivable Turnover and Days' Sales in Receivables For two recent years, Rosco Co. reported the following: Year 2 Year 1 Sales $6,701,400 $6,415,970 Accounts receivable 751,900 737,300 Assume that the accounts receivable were $627,800 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 C. The change in the accounts receivable turnover from year 1 to year 2 indicates an) in the efficiency of collecting accounts receivable and is an) trend. The change in the days sales in receivables indicates an) trend

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