Prompts 2.4 and 2.5 utilize the following information: Company A had an Accounts Receivable balance of $700,000, $800,000, and $1,200,000 in years 2020, 2021, and 2022, respectively. The company had Net Sales of $6,000,000 and $8,000,000 in years 2021 and 2022, respectively.

Prompt #2.4 [3 points] What is the percentage change in Accounts Receivable from 2020 to 2021? 2021 to 2022? Is the trend increasing, decreasing, or the same?

Prompt #2.5 [3 points] What are the Accounts Receivable Turnovers Per Year for 2021 and 2022? Is the trend increasing, decreasing, or the same?