Options for fill-ins are along the lines of increase/decrease, improve/decline, increase/reduction, more/less

Accounts Receivable Analysis The following data are taken from the financial statements of Outdoor Patio Inc. Terms of all sales are 2/10, n/60 Year 2 113,600 $120,000$128,200 595,680 Year 3 Year 1 Accounts receivable, end of year Sales a. For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. 642,400 Year 3 Year 2 1. Accounts receivable turnover 2. Number of days' sales in receivables b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has collection period. The company either became customers in Year 3 days days This can be seen in the in accounts receivable turnover and the in the aggressive in collecting accounts receivable or restrictive in granting credit to