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Accounts Receivable Turnover For the Year 2 and Year 1, Classic Company reported the following: Year 2 Year 1 $3,244,120 397,850 Sales $3,372,600 Accounts receivable

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Accounts Receivable Turnover For the Year 2 and Year 1, Classic Company reported the following: Year 2 Year 1 $3,244,120 397,850 Sales $3,372,600 Accounts receivable 405,150 Assume that the accounts receivable were $339,450 at the beginning of Year 1. Rosco Co. reported the following: Year 2 Year 1 $1,406,710 160,600 Sales $1,349,770 Accounts receivable 153,300 Assume that accounts receivable were $182,500 at the beginning of Year 1. Accounts receivable turnover ratios Year 2 Year 1 Classic Company 8.4 8.8 Rosco Co. 8.6 8.2 a. Compute the average accounts receivable turnover ratio for Classic Company and Rosco Co. for Year 2 and Year 1. Round to one decimal place. Classic Company: Rosco Co

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