EX 15-9 Accounts receivable analysis The following data are taken from the financial statements of Saladin Inc. Terms of all sales are 2/10, n/60. 2012 2011 2010 Accounts receivable, end of year $ 221,250 $ 237,000 $247,500 Net sales on account 1,512,225 1,380,825 a. Determine for each year (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round to the nearest dollar and one decimal place. b. - What conclusions can be drawn from these data concerning accounts receiv- able and credit policies