Business, 22.07.2021 04:30 shady1095

20Y9 2018
Sales
$8,375,000 $7,078,500
Accounts receivable:
Beginning of year
630,000 580,000
End of year
620,000 630,000
a. Determine the accounts receivable turnover for 2049 and 2048. Round answers to one decimal place.
2048:
20Y9:
b. Determine the days' sales in receivables for 2049 and 20Y8. Use 365 days and round all calculations to one decimal place.
20Y8:
days
2019:
days
c. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 2049 favorable or unfavorable?

Answers: 1

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20Y9 2018
Sales
$8,375,000 $7,078,500
Accounts receivable:
Beginning of yea...

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