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Please & thank you! Will like if correct! Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following:
Please & thank you! Will like if correct!
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 $8,052,000 Sales Accounts receivable: Beginning of year 570,000 End of year 620,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y8: 20Y9: 20Y8: 20Y8 $7,021,000 620,000 600,000 b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. days days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 20Y9 favorable or unfavorable? 20Y9Step by Step Solution
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