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Is the change favorable or unfavourable and explain why

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Reference no: EM132641270

Accounts receivable turnover

The following data are taken from the comparative balance sheets of Duncan Data Storage Company.

required:

Question 1: Calculate the accounts receivable turnover for 2017 and 2016 (round to two decimal places).

Question 2: Is the change favorable or unfavourable? Explain why.

Question 3: Compare Duncan's turnover to the industry average turnover for 2017 of 4.2

                                                       2017                     2016                         2015

Net Sales                             $754,200              $810,600               $876,000

Accounts receivable               152,900                133,700             121,000

Reference no: EM132641270

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