Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported...
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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: a. Determine the accounts receivable turnover for 20Yg and 20Y8. Round your answers to one decimal place. 20YB:x b. Determine the days' sales in receivables for 20Y9 and 20Y8. Assume 365 days in a year. Round intermediate calculations and final answers to one decimal place. 20Ye: 20Y9: c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20 r8 to 20 y9 favorable or unfavorabie
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