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Financial statement data for years ending December 31 for Cinderella Company follow: 2019 $9,525,000 2018 $7,616,000 Sales Accounts receivable: Beginning of year End of year
Financial statement data for years ending December 31 for Cinderella Company follow: 2019 $9,525,000 2018 $7,616,000 Sales Accounts receivable: Beginning of year End of year 715,000 785,000 645,000 715,000 a. Determine the accounts receivable turnover for 2019 and 2048. Round accounts receivable furnover to one decimal place. Determine the days' sales in receivables for 2049 and 20Y8. Use 365 days and round one decimal place. Does the change in accounts receivable turnover and the days' sales in receivables from 20Y8 to 2019 indicate a favorable or unfavorable change? C
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