Quasar, Inc. reported the following:

	Year 2		Year 1
Sales	$1,596,875		$1,620,600
Accounts receivable	131,400		124,100

Assume that accounts receivable were $591,300 at the beginning of Year 1.

a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place.

Year 2:
Year 1:

b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.

Year 2:	days
Year 1:	days

Answer rating: 100% (QA)

a Accounts receivables turnover net sales average accounts receivable... View the full answer