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Accounts Recelvable Analysis The following data are taken from the financial statements of Mckee Technology Inc. Terms of all sales are 2/10, nyss. 2016 2015

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Accounts Recelvable Analysis The following data are taken from the financial statements of Mckee Technology Inc. Terms of all sales are 2/10, nyss. 2016 2015 2014 Accounts recelvable, end of year Net sales on account a. For 2015 and 2016, determine (1) the accounts receivable turnover and (2) the number of days' sales in recelvables. Round answers to one decimal place Assume a 365-day year $149,600 $157,000 $164,200 889,140 851,180 2016 2015 1. Accounts recelvable turnover 2. Number of days' sales in receivables b. The collection of accounts receivable has days days . This can be seen in both the in accounts receivable turnover and the in the collection period

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