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Accounts receivable turnover and days sales in receivables For two recent years, Robinhood Company reported...

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Accounting

Accounts receivable turnover and days sales in receivables

For two recent years, Robinhood Company reported the following:

20Y9 20Y8
Sales $8,576,000 $7,250,000
Accounts receivable:
Beginning of year 650,000 600,000
End of year 630,000 650,000

a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place.

20Y8: 11.6

20Y9: 13.4

b. Determine the days sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place.

20Y8: ____

20Y9: ____

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

Favorable

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