Question 5 (3.5 marks) Flanders Corp. (Flanders) is an insurance company with several offices in the Maritime provinces. Excerpts from its statement of financial position are as follows: Flanders Corp. As at June 30 Cash Accounts receivable Prepaid expenses Short-term investments 2021 2020 $ 22,350 $ 20,400 57,860 29,500 4,780 6,890 78,775 98,450 $163,765 $155,240 Additional information: Sales for the year ended June 30, 2021, were $878,000. Sales for the year ended June 30, 2020, were $775,000. 90% of Flanders' sales are made on credit. The accounts receivable turnover ratio for the year ended June 30, 2020, was 16.49. Required: a) Calculate Flanders' accounts receivable turnover ratio for the year ended June 30, 2021. (1.5 marks) b) Discuss the implications to Flanders of the ratio calculated in part (a), and the implications of the change in this ratio from the previous year. (2 marks)