Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following:   20Y9 20Y8 Sales $7,980,000 $6,726,000 Accounts receivable:     Beginning of year 610,000 530,000 End of year 590,000 610,000 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 20Y9: days c. Are the changes in the accounts receivable turnover and days’ sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?

Accounts receivable turnover and days’ sales in receivables

For two recent years, Robinhood Company reported the following:

  20Y9 20Y8
Sales $7,980,000 $6,726,000
Accounts receivable:    
Beginning of year 610,000 530,000
End of year 590,000 610,000

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

20Y9: days

c. Are the changes in the accounts receivable turnover and days’ sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?

 

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