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EE9-6 p4 PE 9-68 Accounts receivable turnover and days' sales in receivables OBJ.8 Financial statement data for years ending December 31 for Robinhood Company follow:
EE9-6 p4 PE 9-68 Accounts receivable turnover and days' sales in receivables OBJ.8 Financial statement data for years ending December 31 for Robinhood Company follow: How 20Y8 56,726,000 20Y9 Sales $7,906,000 FAI Accounts receivable Beginning of year End of year 600,000 80,000 540,000 600,000 Continued a. Determine the accounts receivable turnover for 20Y9 and 20Y8 b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round to one decimal place. c. Does the change in accounts receivable turnover and the days' sales in receivables from 20Y8 to 20Y9 indicate a favorable or unfavorable change
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