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ACCOUTS Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10,n/45. 2013 2012 20Y1 Accounts

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ACCOUTS Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10,n/45. 2013 2012 20Y1 Accounts receivable, end of year $226,000 $241,200 $212,000 1,182,600 Sales on account 1,121,280 a. For 2012 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal place. Assume a 365-day year 20Y3 20Y2 1. Accounts receivable turnover 2. Number of days' sales in receivables days days b. The collection of accounts receivable has This can be seen in both the in accounts receivable turnover and the. in the collection period

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