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Determine the days sales in receivables

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Reference no: EM132470175

Accounts receivable turnover and days' sales in receivables

Financial statement data for years ending December 31 for Robinhood Company follow:

                           20Y9                        20Y8

                         $7,906,000                $6,726,000

Accounts receivable:

Beginning of year      600,000                  540,000

End of year              80,000                    600,000

Problem A. Determine the accounts receivable turnover for 20Y9 and 20Y8. If required, round the final answers to one decimal place.

Accounts Receivable Turnover

  • 20Y9____
  • 20Y8____

Problem B. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days, if required round the final answers to one decimal place.

Days' Sales in Receivables

20Y9____days

20Y8____days

Problem C. Does the change in accounts receivable turnover and the days' sales in receivables from 20Y8 to 20Y9 indicate a favorable or unfavorable change?

A. Favorable

B. Unfavorable

Reference no: EM132470175

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