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Hello I need help analyzing the ratio trend. this is the question, I have answered the other parts RECEIVABLE TURNOVER RATIO What is the formula?

Hello I need help analyzing the ratio trend. this is the question, I have answered the other parts

RECEIVABLE TURNOVER RATIO

What is the formula? Net Sales/ Average Accounts Receivable

Calculate the ratio current year:16,540/ (11,699+10,734/2)= 1.47

Calculate the ratio for the prior year: 15,409/(10,734+10,985/2)= 1.42

Analyze the ratio trend.

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