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Calculate the receivables turnover and the collection period

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Reference no: EM132629196

The following data are taken from the financial statements of Stuffy Limited:

                                                                            2021?                         2020

Monthly average accounts receivable        $ 520,000                 $ 550,000

Net sales on account                             5,980,000            4,950,000

Terms for all sales are n/30

Problem 1: Calculate the receivables turnover and the collection period for both years.

Problem 2: What conclusion can an analyst draw about the management of the accounts receivable?

Reference no: EM132629196

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