The following data are taken from the financial statements of Creekside Technology Inc. Terms of all sales are 2/10, n/60.

a. Determine for each year
(1) The accounts receivable turnover and
(2) The number of days' sales in receivables. Round to nearest dollar and one decimal place.
b. What conclusions can be drawn from these data concerning accounts receivable and creditpolicies?

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2008 2007 2006 Accounts receivable, end of year 75,452 $85,500 78,261 $81,624 Monthly average acconsvable (net) Net sales 80,645 500,000 540,000