19.Financial statement data for the year ending December 31 for Flagg Co. are as follows:

Sales $4,250,000 Accounts receivable:

Beginning of year 600,000 End of year 630,000

Determine the days' sales in receivables for the year.

a. 50.0 days

b. 52.8 days

c. 51.5 days

d. 54.1 days

20.Financial statement data for the year ending December 31 for Gore Co. are as follows:

Sales $4,250,000 Accounts receivable:

Beginning of year 600,000 End of year 630,000

Determine accounts receivable turnover for the year.

a. 7.08

b. 3.46

c. 6.75

d. 6.91

21.When analyzing accounts receivable, which of the following is not true?

a. Companies may become less efficient in collecting receivables from one year to the next.

b. Never look at accounts receivable turnover and days' sales in receivables ratios together because they could be misleading.

c. Look for trends from year to year for accounts receivable turnover and days' sales in receivables.

d. Companies may become more efficient in collecting receivables from one year to the next.