Question
For two recent years, Robinhood Company reported the following: 20Y9 20Y8 Sales $8,107,000 $6,785,000 Accounts receivable: Beginning of year 610,000 540,000 End of year 600,000
For two recent years, Robinhood Company reported the following: 20Y9 20Y8 Sales $8,107,000 $6,785,000 Accounts receivable: Beginning of year 610,000 540,000 End of year 600,000 610,000
a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y8: fill in the blank 1 20Y9: fill in the blank 2
b. Determine the days sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 20Y8: fill in the blank
c.Are the changes in the accounts receivable turnover and days' sales in receivables from 20y8 to 20y9 favorable or unfavorable
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