2049 Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company...
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2049 Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2018 Sales $8,777,000 $7,130,000 Accounts receivable: Beginning of year 660,000 580,000 End of year 650,000 660,000 a. Determine the accounts receivable turnover for 2049 and 2048. Round answers to one decimal place. 2048: X 2019: b. Determine the days' sales in receivables for 2019 and 20Y8. Use 365 days and round all calculations to one decimal place. 2048: days 2019: days C. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 2049 favorable or unfavorable
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