Question: bow puber 16. Financial statement data for the years ended December 31 for Parker Corporation are as follows: 100, blandt door s Current Year
bow puber 16. Financial statement data for the years ended December 31 for Parker Corporation are as follows: 100, blandt door s Current Year Prior Year Sales $2,595,600 $2,409,500 Accounts receivable: Beginning of year 390,000 400,000 End of year 434,000 390,000 a. Determine the accounts receivable turnover for each year. Round to one decimal place. b. Determine the days' sales in receivables for each year. Round to whole days. 00028 0002A2 c. Does the change in accounts receivable turnover and days' sales in receivables from the first year to the second year indicate a favorable or unfavorable change? 00,TEZ 0212
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