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Show Me How Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: Sales Accounts receivable: Beginning
Show Me How Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: Sales Accounts receivable: Beginning of year End of year 2019 2018 $7,897,500 $6,382,500 590,000 580,000 520,000 590,000 a. Determine the accounts receivable turnover for 2019 and 2018. Round answers to one decimal place. 2018 2019: x b. Determine the days sales in receivables for 2019 and 2018. Use 365 days and round all calculations to one decimal place. 2018: 2019 days days Are the changes in the accounts receivable turnover and days sales in receivables from 2018 to 2019 favorable or unfavorable? Fondack Check My Work Accounts Receivable Turnover Sales/Average Accounts Receivable Number of Days' Sales in Recervables -Average Accounts Receivable/Average Daily Sales Check My Work Previous Next>>
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