V coda 11/10 USWIFI PUT The following financial statements are for Ludwig Inc 2012 56400 icone Sisteme Yanded December 31, 2014 and 2012 2014 2013 Sales 1,398,500 1,600,300 1,452 200 Cost of goods sold 503,500 445.200 478 100 Cross profit from sales 895,000 1,156,100 974,100 Operating expenses 441,400 439.400 451,800 Operating income 453,000 715,700 522.300 Interest expense 3150 2,850 2,750 Income before taxes 450 450 712 850 519,560 Income taxes 119,400 124.300 119,300 Nel income 331,050 588,550 400 250 Balance Buceta 2014 2013 Ae 2014 Cash 55,600 Short term investments 92.000 Accounts receivable net 40 900 Merchandise inventory 50,700 Prepaid expenses 8,500 Notes receivable, due in 2018 9,000 Property, plant and equipment.net 499.000 Total 755,700 Taries and Equity Accounts payable 25,800 Salaries payable 14300 Income taxes payable Long-term note payable secured by mortgage on plant assets 273,000 Share capital 80,000 Retained earnings 323 050 Totalities and equity 758,700 201 62,700 79,000 45 VDC 51.500 9800 10.000 432.000 820 800 30.200 47.100 B40 11 500 456000 888.800 42 650 23 100 12.100 44 250 272,000 90,000 249 350 890,000 19700 $3200 39,500 255.000 100,000 261,100 588,600 Compute the accounts receivable turnover below and indicate whether the change from year to year is favourable or unfavourable For your analysis, assume that all other things have remained constant. Apply your analysis in very general terms. Al values should be accurate to at least two decimal places Ratio 2014 2013 Measure of Analys Accounts receivable turnover (select one) (select one) SAVE AND CLE SRIMIT AND MARK Official Timo: 8:33:43 BAM Q O o Type here to search