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Accounts Receivable Turnover and Days' Sales in Receivables Quasar, Inc. reported the following: Year 2 Year 1 $2,698,080 $2,733,850 244,550 Accounts receivable 237,250 Assume that

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Accounts Receivable Turnover and Days' Sales in Receivables Quasar, Inc. reported the following: Year 2 Year 1 $2,698,080 $2,733,850 244,550 Accounts receivable 237,250 Assume that accounts receivable were $273,750 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 x b. Compute the days sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 d per year in your calculations. Year 2: x days Year 1: x days Check My won is a ratio of Average accounts The Aecourts recevable tomoverisanaso ofsales to Average accounts receivable. The number of Days' Sales in Receivables receivable to Average daily sales consider the components of the ratos. Consder whether changes reseet emolency Adecreasing accounts receivable receivables indicates an unfavorable trend. unfavorable trend, while an inoneasing dan sales in Submit Assignment for Grading All work saved

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