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Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: a . Determine the accounts receivable turnover for

Accounts receivable turnover and days' sales in receivables
For two recent years, Robinhood Company reported the following:
a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round your answers to one decimal place.
20Y8:
20Y9:
b. Determine the days' sales in receivables for 20Y9 and 20Y8. Assume 365 days in a year. Round intermediate calculations and final answers to one
decimal place.
20Y8:
days
20Y9:
days
c. Are the changes in the accounts receivable turnover and days' sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?Accounts receivable turnover and days sales in receivables
For two recent years, Robinhood Company reported the following:
Line Item Description 20Y920Y8
Sales $7,906,000 $6,726,000
Accounts receivable:
Beginning of year 600,000540,000
End of year 580,000600,000
a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round your answers to one decimal place.
20Y8: fill in the blank 1 of 2
20Y9: fill in the blank 2 of 2
b. Determine the days sales in receivables for 20Y9 and 20Y8. Assume 365 days in a year. Round intermediate calculations and final answers to one decimal place.
20Y8: fill in the blank 1 of 2
days
20Y9: fill in the blank 2 of 2
days
c. Are the changes in the accounts receivable turnover and days sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?
Favorable
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