akeAssignment/takeAssignmentMain.do?inprogress=true eBook Accounts Receivable Turnover and Days' Sales in Receivables Quasar, Inc. sells clothing, accessories, and...

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akeAssignment/takeAssignmentMain.do?inprogress=true eBook Accounts Receivable Turnover and Days' Sales in Receivables Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years: Year 2 $3,311,280 Year 1 $3,372,600 Sales Accounts receivable 313,900 299,300 Assume that accounts receivable were $343,100 at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round your answer to one decimal place. Year 2: Year 1: b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculatio Year 2: Year 1: days days c. The change in accounts receivable turnover from year 1 to year 2 indicates a(n) change. The change in the days' sales in receivables indicates a(n) in the efficiency of collecting accounts receivable and is a(n) change. Check My Work 5 more Check My Work uses remaining. 31 Previous Next Email Instructor Save and Exit Submit Assignment for Grad Apr 13 7:5 akeAssignment/takeAssignmentMain.do?inprogress=true eBook Accounts Receivable Turnover and Days' Sales in Receivables Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years: Year 2 $3,311,280 Year 1 $3,372,600 Sales Accounts receivable 313,900 299,300 Assume that accounts receivable were $343,100 at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round your answer to one decimal place. Year 2: Year 1: b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculatio Year 2: Year 1: days days c. The change in accounts receivable turnover from year 1 to year 2 indicates a(n) change. The change in the days' sales in receivables indicates a(n) in the efficiency of collecting accounts receivable and is a(n) change. Check My Work 5 more Check My Work uses remaining. 31 Previous Next Email Instructor Save and Exit Submit Assignment for Grad Apr 13 7:5