Question: =+EX 17-8 Current position analysis obj. 2 The following data are taken from the financial statements of McKee Technology Inc. Terms of all sales are

=+EX 17-8 Current position analysis obj. 2 The following data are taken from the financial statements of McKee Technology Inc.

Terms of all sales are 2/10, n/60.

2010 2009 2008 Accounts receivable, end of year $147,500 $158,000 $165,000 Net sales on account 975,000 900,000

a. Determine for each year (1) the accounts receivable turnover and (2) the number of

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