The Robinson Company from Problem 2 had net sales of $1,200,000 in 2013 and $1,300,000 in 2014.

Question:

The Robinson Company from Problem 2 had net sales of $1,200,000 in 2013 and $1,300,000 in 2014.
a. Determine the receivables turnover in each year.
b. Calculate the average collection period for each year.
c. Based on the receivables turnover for 2013, estimate the investment in receivables if net sales were $1,300,000 in 2014. How much of a change in the 2014 receivables occurred?