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: 20Y9 20Y8 Sales $8,442,000 $7,015,000 Accounts receivable: Beginning of year 640,000 580,000 End of year 620,000 640,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y8: fill in the blank 1 20Y9: fill in the blank 2 b. Determine the days sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 20Y8: fill in the blank 3 days 20Y9: fill in the blank 4 days c. Are the changes in the accounts receivable turnover and days sales in receivables from 20Y8 to 20Y9
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