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Calculate the rates of increase in sales

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Problem - Blue, Inc., sells playground equipment to schools and municipalities. It mails invoices at the end of each month for all goods shipped during that month; credit terms are net 30 days. Sales and accounts receivable data for 2017, 2018, and 2019 follow:

 

Years Ending December 31,

 

2017

2018

2019

Sales

$1,785,980

$1,839,559

$1,986,724

Accounts receivable at year-end

220,189

227,896

267,094

Required -

1. Calculate the rates of increase in sales and in receivables during 2018 and 2019.

2. Do your calculations indicate any potential problems with Blue's receivables?

Reference no: EM132788482

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