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Does the change in accounts receivable turnover

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

20Y9

20Y8

Sales

$7,906,000

$6,726,000

Accounts receivable:

Beginning of year

600,000

540,000

End of year

580,000

600,000

Required -

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

Reference no: EM132694451

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