Solution-Determine for each year the accounts receivable

Determine for each year the accounts receivable turnover

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Reference no: EM132684287

Problem - Accounts receivable analysis - The following data are taken from the financial statements of Saladin Inc. Terms of all sales are 2/10, n/60.

	2012	2011	2010
Accounts receivable, end of year	$221,250	$237,000	$247,500
Net sales on account	1,512,225	1,380,825

Required -

a1. Determine for each year (1) the accounts receivable turnover. Round to the nearest dollar and one decimal place.

a2. Determine for each year (2) the number of days' sales in receivables. Round to the nearest dollar and one decimal place.

b. What conclusions can be drawn from these data concerning accounts receivable and credit policies?

Reference no: EM132684287

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Determine for each year the accounts receivable turnover

Reference no: EM132684287

Reference no: EM132684287

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