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ch9 5 Accounts Receivable Turnover and Days' Sales in Receivables Rosco Co. manufactures and markets food products throughout the world. The following sales and receivable

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Accounts Receivable Turnover and Days' Sales in Receivables Rosco Co. manufactures and markets food products throughout the world. The following sales and receivable data were reported by Rosco for two recent years: Year 2 Year 1 Sales $4,993,200 $4,721,640 Accounts receivable 529,250 521,950 Assume that the accounts receivable were $441,650 at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round your answers to one decimal place. Year 2: Year 1: b. Compute the days' sales in receivables at the end of Year 2 and Year 1. Use 365 days per year in your calculations. Round your answers to one decimal place. Year 2: days Year 1: days c. The change in the accounts receivable turnover from year 1 to year 2 indicates a(n) change. The change in the days' sales in receivables indicates a(n) in the efficiency of collecting accounts receivable and is a(n) change

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