Question: Financial statement data for years ending December 31 for Sherick Company are shown below. a. Determine the accounts receivable turnover for 2012 and 2011. b.

Financial statement data for years ending December 31 for Sherick Company are shown below.

a. Determine the accounts receivable turnover for 2012 and 2011.
b. Determine the number of days' sales in receivables for 2012 and 2011. Round to one decimal place.
c. Does the change in accounts receivable turnover and the number of days' sales in receivables from 2011 to 2012 indicate a favorable or an unfavorabletrend?

2012 2011 $4,514,000 Net sales Accounts receivable: $4,200,000 Beginning of year End of year 280,000 330,000 320,000 280,000

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