Accounts Receivable Turnover and Days' Sales in Receivables

Rosco Co. manufactures and markets food products throughout the world. The following sales and receivable data were reported by Rosco for two recent years:

	Year 2		Year 1
Sales	$3,093,375		$2,998,840
Accounts receivable	416,100		408,800

Assume that the accounts receivable were $350,400 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:
Year 1: