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Perform an accounts receivable analysis on the following company for 20Y5 and 20Y6 to determine number of days sales in receivables. Round the ratios to
- Perform an accounts receivable analysis on the following company for 20Y5 and 20Y6 to determine number of days sales in receivables. Round the ratios to one decimal place.
- Perform an accounts receivable analysis on the following company for 20Y5 and 20Y6 to determine if the company has improved its efficiency in collecting receivables. Round ratios (accounts receivable turnover and number of days sales in receivables) to one decimal place.
\begin{tabular}{|c|c|c|} \hline & 20Y6 & 20Y5 \\ \hline Sales & $275,300 & $220,500 \\ \hline \multicolumn{3}{|c|}{ Accounts receivable (net): } \\ \hline Beginning of year & 97,600 & 87,500 \\ \hline End of year & 108,750 & 97,600 \\ \hline \end{tabular}
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