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eBook Show Me How Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2019 20Y8 Sales $7,973,000
eBook Show Me How Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2019 20Y8 Sales $7,973,000 $6,669,000 Accounts receivable: Beginning of year 600,000 540,000 End of year 590,000 600,000 a. Determine the accounts receivable turnover for 2049 and 2048. Round answers to one decimal place. 2048: 2019: b. Determine the days' sales in receivables for 2049 and 20Y8. Use 365 days and round all calculations to one decimal place. 2048: days 2019: days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 20y9 favorable or unfavorable? Favorable Feedback Check My Work Accounts Receivable Turnover = Sales/Average Accounts Receivable Number of Days' Sales in Receivables - Average Accounts Receivable/Average Daily Sales
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