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eBook Calculator Print Item Accounts Receivable Turnover and Days' Sales in Receivables For two recent years, Rosco Co. reported the following: Year 2 $5,657,500 Accounts

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eBook Calculator Print Item Accounts Receivable Turnover and Days' Sales in Receivables For two recent years, Rosco Co. reported the following: Year 2 $5,657,500 Accounts receivable 573,050 Assume that the accounts receivable were $478,150 at the beginning of Year 1. Year 1 Sales $5,390,320 558,450 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 at the end of Year 2 and Year 1. Use 365 days per year in your calculations. Round 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) trend. The change in the days' sales in receivables indicates a(n) in the efficiency of collecting accounts receivable and is an trend dropdown favorable unfavorable

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