The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, n/30. a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has This can be seen in the n accounts receivable turnover and the in the collection period. The company either became restrictive in granting credit to customers in Year 3. a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has This can be seen in the in accounts receivable turnover and the in the collection p any either became / aggressive in collecting accounts receivable or restrictive in grant a. For Years 2 and 3 , determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? accounts receivable turnover and the The collection of accounts receivable has This can be seen in the isive in collecting accounts receivable or in the collection period. The company either became restrictive in granting credit to customers in Year 3. a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days) the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. b. What conclusion can be drawn from these data concerning accounts receivable ana credit policies? in accounts receivable turnover and the This can be seen in the The collection of accounts receivable has aggressive in collecting accounts receivable or in the collection period. The company either became restrictive in granting credit to customers in Year 3. a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 d. the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has This can be seen in the in accounts receivable turnover and the in the collection period. The company either became aggressive in collecting accounts receivable or restrictive in granting credit to customers in Year 3. a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. b. What conclusion can be drawn from these data concerning accouncs revor. credit policies? in accounts receivable turnover and the This can be seen in the The collection of accounts receivable has aggressive in collecting accounts receivable or in the collection period. The company either became restrictive in granting credit to customers in Year 3