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accounts receivable turnover and days' sales in receivables. Printer eBook Show Me How Calculator Accounts receivable turnover and days' sales in receivables Financial statement data
accounts receivable turnover and days' sales in receivables.
Printer eBook Show Me How Calculator Accounts receivable turnover and days' sales in receivables Financial statement data for years ending December 31 for Cinderella Company follow: 2019 2018 Sales $9,525,000 $7,616,000 Accounts receivable: Beginning of year 715,000 645,000 End of year 785,000 715,000 a. Determine the accounts receivable turnover for 2049 and 20Y8. If required, round the final answers to one decimal place. Accounts Receivable Turnover 2019 31.75 2018 11.2 b. Determine the days' sales in receivables for 2049 and 2018. Use 365 days, if required round the final answers to one decimal place. Days' Sales in Receivables 2019 days 2018 days c. Does the change in accounts receivable turnover and the days' sales in receivables from 20Y8 to 2049 indicate a favorable or unfavorable change? Check My Work 5 mare Check My Work uses remaining Email Instructor Save and E SU 100 Step by Step Solution
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