The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, n/30. b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? receivable or restrictive in granting credit to customers in Year 3. Feedback Vheck My Work (a-1). Divide net sales by average accounts receivable. Average Accounts Receivable =( Beginning Accounts Receivable + Ending Accounts Receivable )2 (a-2). Divide average accounts receivable by average daily sales on account. Average Accounts Receivable =( Beginning Accounts Receivable + Ending Accounts Receivable )2 Average Daily Sales on Account = Net Sales 365 days b. Remember that collecting accounts receivable as quickly as possible improves a company's liquidity