At the end of 2019, Geisel, Inc has a $1,000 debit balance in the Allowance for Doubtful Accounts, before adjusting entries were prepared. Credit sales for 2019 totaled $510,000. Sales returns for 2019 were $10,000. Credit Sales for 2018 were $610,000. Sales returns for 2018 were $10,000. The following aging analysis of Accounts Receivable was prepared at December 31, 2019:

Age Classification	12/31/19 $ Amount	Estimated % Uncollectible
Current/not yet due	110,000	1%
1-30 days past due	15,000	2%
31-60 days past due	10,000	6%
61-90 days past due	5,000	12%
over 90 days past due	8,000	30%
Total	$148,000

1. Calculate the accounts receivable turnover ratio and the days to collect for 2018 and 2019 (round each calculation to one decimal place). The net receivables balance reported on the companys 12/31/17 financial statements was $120,000. The net receivables balance reported on the 12/31/18 financial statements was $130,000. [4 marks]

2019

2018

2. Discuss the implications of the receivables turnover ratio and days to collect as calculated in part b. Discuss possible reasons for any changes in the calculations.