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

	20Y3		20Y2		20Y1
Accounts receivable, end of year	$715,000		$640,000		$565,000
Sales on account	5,679,500		4,538,500

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

1. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume a 365-day year. Do not round intermediate calculations. Round your answers to one decimal place.

   	20Y3		20Y2
   1. Accounts receivable turnover	fill in the blank 2		fill in the blank 3
   2. Number of days' sales in receivables	fill in the blank 4	days	fill in the blank 5	days

2. The collection of accounts receivable has .__(improve/deteriorated) This can be seen in both the ____(increase/decrease)___ in accounts receivable turnover and the____ (increase/decrease)_____ in the collection period.