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Determine the days sales in receivables

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Question - Accounts receivable turnover and days' sales in receivables

For two recent years, Robinhood Company reported the following:

20Y9 20Y8

Sales $7,437,000 $6,201,000

Accounts receivable: Beginning of year 560,000 500,000

End of year 550,000 560,000

a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place.

b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place.

c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?

Reference no: EM132598206

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