Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the followi

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Accounts Receivable Turnover And Days Sales In Receivables For Two Recent Years Robinhood Company Reported The Followi 1 (23.87 KiB) Viewed 11 times

Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 20Y9 20Y8 Sales $8,778,000 $7,493,000 Accounts receivable: Beginning of year 670,000 600,000 End of year 660,000 670,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y8: 20Y9: b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 20Y8: days days 20Y9: c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 20Y9 favorable or unfavorable? Favorable