Analysis of Financial data for a local healthcare provider shows monthly revenue and month end account receivables (in $000,000).

1.How long does it take, on average, between the time a dollar is billed for a service to the time it is collected as cash from the payment (commonly known as Days in AR)?

2.What is Account Receivable Turns? What does this value indicate?

1. 

Review Date Days Approval Number REC'D to Reviewer Period 1 1/3 0 14 1 2 1/4 8 2 3 3 3 1/5 11 4 1/6 37 11 5 1/6 2 10 6 1/6 8 15 7 1/9 3 10 1/9 3 13 9 1/9 0 31 1/10 1 15 w No co 1/10 6 12 1/11 5 11 1/12 1 28 14 1/12 8 24 15 1/17 6 16 16 1/17 0 2 17 1/17 0 2 18 1/17 33 41 19 1/17 3 1 20 1/17 1 32 21 1/19 6 16 22 1/25 1 3 23 1/25 9 18 24 1/26 9 42 25 1/30 0 63 26 1/30 5 47 27 2/1 26 27 28 2/2 5 84 29 216 5 84 30 2/6 5 84 Review Date Days Approval Number REC'D to Reviewer Period 1 1/3 0 14 1 2 1/4 8 2 3 3 3 1/5 11 4 1/6 37 11 5 1/6 2 10 6 1/6 8 15 7 1/9 3 10 1/9 3 13 9 1/9 0 31 1/10 1 15 w No co 1/10 6 12 1/11 5 11 1/12 1 28 14 1/12 8 24 15 1/17 6 16 16 1/17 0 2 17 1/17 0 2 18 1/17 33 41 19 1/17 3 1 20 1/17 1 32 21 1/19 6 16 22 1/25 1 3 23 1/25 9 18 24 1/26 9 42 25 1/30 0 63 26 1/30 5 47 27 2/1 26 27 28 2/2 5 84 29 216 5 84 30 2/6 5 84