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Need help, please. Acoounts Recelvable Tumover and Days' 5ales in Receivables Rosco Co. manufactures and markets food products throughout the world. The following sales and
Need help, please.
Acoounts Recelvable Tumover and Days' 5ales in Receivables Rosco Co. manufactures and markets food products throughout the world. The following sales and recelvable data were reported by Rosco for two recent years: Assume that the accounts receivable were $649,700 at the beginning of Year 1 . a. Compute the accounts recelvable tumever for Year 2 and Year 1. Round your answers to one decimal place. Year 2: Year 1: b. Compute the days' sales in recelvables at the end of Year 2 and Year 1 . Use 365 days per year in your calculations. Round your answers to one decimal place. Year 2: c. The change in the accounts recelvable tumover from year 1 to year 2 indicates a(n) in the efficiency of collecting accounts receivable and is a(n) change. The change in the days' sales in receivables indicates a(a) change. fredewa v Clea My Wor The Accounts recelvable tumover is a rato of Sales to Average accourts receivitie. The number of Days' Sales in Recevables is a raio of Auerage accounts receivable to Average daly sales. Consiset the components of tre rasos. Considot whether changes refect eficiency. Aa increasing actounts recelvable tumover ndicates a favorable trend, while an increasing days' sales z receivabies indicates an urtavorabls treed Step by Step Solution
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