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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the followi
Posted: Wed Jul 06, 2022 6:14 am
by answerhappygod
- Accounts Receivable Turnover And Days Sales In Receivables For Two Recent Years Robinhood Company Reported The Followi 1 (21.36 KiB) Viewed 10 times
Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood
Company reported the following: 20Y9 $7,647,500 Sales Accounts receivable: Beginning of year 520,000 End of year 580,000 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. days days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 20Y9 favorable or unfavorable? 20Y8: 20Y9: 2018 $6,435,000 580,000 570,000