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Calculate the accounts receivable turnover

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Reference no: EM133078261

Question - The following information is taken from the records of Friends Services Ltd.

 

2019

2018

2017

Accounts receivable

$100,700

$95,400

$89,640

Allowance for doubtful accounts

3,020

2,860

2,690

Sales revenue

2,037,210

1,097,100

1,120,500

Sales discounts

14.521

17,554

16,808

Required -

(a) Calculate the 2019 and 2018 accounts receivable turnover and collection period.

(b) Comment on any improvement or weakening in Friends management of its receivables.

Reference no: EM133078261

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