The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are $2/10,$ n$/45.$

a$.$ For $20Y2$ and $20Y3,$ determine $(1)$ the accounts receivable turnover and $(2)$ the days' sales in receivables. Assume a $365-$day year.

Round interim calculations to the nearest dollar and final answers to one decimal place.

$20Y3$

Accounts receivable turnover

Days' Sales in Receivables

b$.$ The collection of accounts receivable has

receivable turnover and the

$20Y2$

days

days

This can be seen in both the

in the collection period.

in accounts