Payworld inc sells playground equipment to schools and

Reference no: EM13604313

1. Playworld, Inc. sells playground equipment to schools and municipalities. Invoices are mailed at the end of each month for all goods shipped during that month; credit terms are net 30 days. Sales and accounts receivable data for 2008, 2009, and 2010 were as follows:
2008 2009 2010
Sales $2,560,975 $2,663,414 $2,903,121
Year-end receivables $328,330 $342,120 $396,859

A. Calculate the growth rates in sales and receivables during 2009 and 2010.
B. Do your calculations indicate any potential problems with Playworld's receivables? If so, suggest a possible explanation for your findings.

Reference no: EM13604313

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