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The following annual account balances are from Armour Sports at December 31 TORT 2 Year 1 Accounts receivable $ 100,000 $185.000 Net sales 2,500,000 2,000,000
The following annual account balances are from Armour Sports at December 31 TORT 2 Year 1 Accounts receivable $ 100,000 $185.000 Net sales 2,500,000 2,000,000 a. Complete the below table to calculate the number of days' sales uncollected for the Year 1 and Yout 2. (Do not round Intermediate calculations, Round your "Days' Sales Uncollected to 1 decimal place.) Days Sales Uncollected Choose Numaraton Choose Denominator Days Dwys Sales Uncollecind Days's uncollected Year 2: 1 Year 1: e x = days - b. Is the company's collection of receivables improving? Yes NO
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