Question 7 [5 points] The following financial statements are for Segura Corporation Segura Corporation Incomment For Year Ended December 31, 2014 2013 and 2012 2014 2012 Sales 900,500 793 100 736,400 Cost of goods sold 518.600 463.700 434.700 Gross profit from sales 381 900 329.400 303.700 Operating expenses 80,100 89,600 92.800 Operating income 301.800 239.000 210.900 Interest expense 1,850 1.900 1.650 Income before taxes 299.950 237.900 209 250 income taxes 42,300 47.000 47.000 Net income 257,650 190,900 162.250 Segundo Balance Show December, 2014, 2011, 2012 2014 Cash Short-term investments 71 000 Accounts receivable.net 24 200 Merchandise inventory 34400 Prepaid expenses 3.700 Notes receivable, due in 2018 11.500 Property, plant and equipment, net 315.000 Total assets 525, 700 Unes and Equity Accounts payable 36.800 Salanes payable 18.700 Income taxes payable 8250 Long-term note payable secured by mortgage on plantant 135.000 Share capital 220 000 Retained earnings 107.250 Total abilities and equity 525700 2015 35500 36.000 23,500 13,000 3.400 11 500 314000 506.800 43.000 74000 27 800 32200 4.300 10.500 278,000 109 800 10000 17.500 7400 113 000 250.000 78.000 506 500 200 18.500 8.450 97.000 270.000 38,650 4690 other Compute the accounts receivable turnover below, and indicate whether the change from year to year is favourable or unfavourable For your analysis assume that things have remained constant. Apply your analysis in very general terms. All values should be accurate to at least two decimal places Ratio 2014 2013 Measure of Analysis Accounts receivable turnover (select one (select one) NO DE GLAM 11 201 d O Type here to search