Question: The following select financial statement information from Vortex Computing. Compute the accounts receivable turnover ratios and the number of days sales in receivables ratios for

The following select financial statement information from Vortex Computing.

Year 2017 2018 2019 VORTEX COMPUTING Net Credit Sales $1,557,200 1,755,310 1,965,170

Compute the accounts receivable turnover ratios and the number of days’ sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Vortex Computing if industry average for accounts receivable turnover ratio is 4 times and days’ sales in receivables ratio is 85 days?

Year 2017 2018 2019 VORTEX COMPUTING Net Credit Sales $1,557,200 1,755,310 1,965,170 Ending Accounts Receivable $398,000 444,400 500,780

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