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ounts receivable turnover and days sales in receivables For two recent years, Robinhood Company reported the following: 2 0 Y 9 2 0 Y 8
ounts receivable turnover and days sales in receivables
For two recent years, Robinhood Company reported the following:
YY
Sales $ $
Accounts receivable:
Beginning of year
End of year
a Determine the accounts receivable turnover for Y and Y Round answers to one decimal place.
Y: fill in the blank
Y: fill in the blank
b Determine the days sales in receivables for Y and Y Use days and round all calculations to one decimal place.
Y: fill in the blank
days
Y: fill in the blank
days
c Are the changes in the accounts receivable turnover and days sales in receivables from Y to Y favorable or unfavorable?
Favorable
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