You review the below information for your daycare business, and it reveals decreasing profits despite increasing sales. You hire an analyst who highlights several points, including that "Accounts receivable turnover is too low. Tighter credit policies are recommended along with discontinuing service to those most delayed in payments." Net sales Accounts receivable Profit 2023 $1,617,500 416,750 490,000 Accounts receivable turnover 2021 2022 $1,128,500 $1,018,000 83,750 111,750 506,600 517,850 Calculate the account receivable turnover for 2023 and 2022. Indicate whether the change in accounts receivable turnover is favourable or unfavourable. (Round the final answers to 2 decimal places.) 2023 times 2022 times

You review the below information for your daycare business, and it reveals decreasing profits despite increasing sales. You hire an onalyst who highlights several points, Including that "Accounts receivable turnover is too low. Tighter credit policies are recommended along with discontinuing service to those most delayed in payments." Calculate the account receivable tumover for 2023 and 2022 Indicate whether the change in occounts recelvable turnover is fovourable or unfavourable. (Round the final answers to 2 decimal ploces.)