The following data are taken from the financial statements:
^aAssuming that credit terms on all sales are n/45, determine for each year 1 the accounts receivable turnover and 2 the number of days' sales in receivables.
Round intermediate calculations to whole numbers and final answers to two decimal places.
^bComment on any significant trends revealed by the data.

Question

The following data are taken from the financial statements:

^aAssuming that credit terms on all sales are n/45, determine for each year 1 the accounts receivable turnover and 2 the number of days' sales in receivables.
Round intermediate calculations to whole numbers and final answers to two decimal places.
^bComment on any significant trends revealed by the data.

Quizplus · Accepted Answer

The Answer of The following data are taken from the financial statements: ^aAssuming that credit terms on all sales are n/45, determine for each year 1 the accounts receivable turnover and 2 the number of days' sales in receivables. Round intermediate calculations to whole numbers and final answers to two decimal places. ^bComment on any significant trends revealed by the data.

The Following Data Are Taken from the Financial Statements