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Quasar, Inc. reported the following: Year 2 Year 1 Sales $1,596,875 $1,620,600 Accounts receivable 131,400 124,100 Assume that accounts receivable were $591,300 at the beginning

Quasar, Inc. reported the following:


Year 2Year 1
Sales$1,596,875
$1,620,600
Accounts receivable131,400
124,100


Assume that accounts receivable were $591,300 at the beginning of Year 1.

a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place.

Year 2:
Year 1:


b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.

Year 2:days
Year 1:days

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