Accounts Recue Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, 1/30. Year 3 Year 2 Year 1 Accounts receivable end of year $163,800 $172,000 $178,400 Sales 990,610 945,080 3. For Year 2 and 3, determine (1) the accounts receivable turnover and (2) the number of sy sales in receivetes. Assume there are 365 days in the year. Round intermediate calculations nearest whole dollar and final answers to one decimal place. Year 3 Year 2 1. Accounts recevable turnover 2. Number of days in receivables days days . What conclusion can be down from these data concerning accounts receivable and credit policies? The collection of counts receitas . This can be seen in the in accounts receivable turnover and the in the collection period. The company either became aggressive in collecting accounts receivable of restrictive in granting credit to customers in Year 3