Analyze the trend for accounts receivable collections?

Identify the trend?

Explain the relevance of the trend?

Determine if the trend is improving or getting worse?

Data for the problem.

2015 - 3800 000

2016 - 3 900 000

2017 - 4 000 000

Accounts receivable turnover

20,000/((4000 + 3,900)/2) = 5.06 times $18,000/(($3,900 + $3,800)/2) = 4.68 times