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ccounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 2012 20Y1

ccounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 2012 20Y1 Accounts receivable, end of year Sales on account $157,200 1,059,960 $164,000 $171,800 1,024,190 a. For 2012 and 2013, 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. 1. Accounts receivable turnover 2. Number of days sales in receivables 2013 b. The collection of accounts receivable has improved in the collection period. decrease 2012 days days This can be seen in both the increase Vin accounts receivable turnover and thei

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