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Chapter 9 Homework Help Save AE Check 4 Exercise 9-11 Determining whether it's a real sale (L09-3) 151 point Blue, Inc, Sells playground equipment to
Chapter 9 Homework Help Save AE Check 4 Exercise 9-11 Determining whether it's a real sale (L09-3) 151 point Blue, Inc, Sells playground equipment to schools and municipalities. It mails involces at the end of each month for all goods shipped during that month, credit terms are net 30 days. Sales and accounts receivable data for 20X1, 20X2, and 20X3 follow Balea Years Ending December 20X1 20x3 20x3 51,785.900 $1.039,559 61.986,724 220,109 227.896 267,094 Accounts receivable at year and w Bencs Required: 1 Calculate the rates of increase in sales and in receivables during 20x2 and 20X3. (Do not round intermediate calculations. Round Sales grew" answers to the nearest whole percent and "Receivables grew" answers to 1 decimal place.) 2. Do your calculations indicate any potential problems with Blue's receivables? 1. Sales grow 20x2 20x3 Receivables grew 20X2 20X3 2 Do your calculations indicate any potential problems with Blue's receivables
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