ge Learning C Accounts Receivable Analysis X The second Wave Femix keAssignment/takeAssignment Main.do?invoker-StakeAssignmentSession Locator=&inprogress-false eBook Show Me How Calculator Accounts Receivable Analysis The following data are taken from the financial statements of Simon Inc. Terms of sales we 2/10,145 2013 2012 2011 Accounts receivable, end of year $725,000 $650.000 $600,000 Sales on account 5,637,500 4,687,500 a. For 2012 and 203, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables Round interim calculators to the nearest dollar and final answers to one decimal place. Assume a 365-day year, 2012 2013 x X days 1. Accounts receivable turnover 2. Number of days' sales in receivables b. The collection of accounts receivable has improved decrease in the collection period. This can be seen in both the increase in accounts receivable turer and the 2.1. Divide net sales by average accounts receivable. Average Accounts receivable Beece Receivable) 2 2.2. Divide average accounts receivable by average only sales ont veco Ending Accounts Receivable) + 2. Average daily sales on accounts Check My Work o e Page 5 Break F11 F12 Salk FIO ge Learning C Accounts Receivable Analysis X The second Wave Femix keAssignment/takeAssignment Main.do?invoker-StakeAssignmentSession Locator=&inprogress-false eBook Show Me How Calculator Accounts Receivable Analysis The following data are taken from the financial statements of Simon Inc. Terms of sales we 2/10,145 2013 2012 2011 Accounts receivable, end of year $725,000 $650.000 $600,000 Sales on account 5,637,500 4,687,500 a. For 2012 and 203, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables Round interim calculators to the nearest dollar and final answers to one decimal place. Assume a 365-day year, 2012 2013 x X days 1. Accounts receivable turnover 2. Number of days' sales in receivables b. The collection of accounts receivable has improved decrease in the collection period. This can be seen in both the increase in accounts receivable turer and the 2.1. Divide net sales by average accounts receivable. Average Accounts receivable Beece Receivable) 2 2.2. Divide average accounts receivable by average only sales ont veco Ending Accounts Receivable) + 2. Average daily sales on accounts Check My Work o e Page 5 Break F11 F12 Salk FIO