The following is the data from Company X for 2016 and 2017. 2017 S900,000 2016 Net...

 

 

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The following is the data from Company X for 2016 and 2017. 2017 S900,000 2016 Net Sales $800,000 Receivables (less allowance for doubtful accounts) Beginning of period End of period $45,000 $60,000 $80,000 $60,000 Required) a) Compute the days' sales in receivables for December 31, 2016, and December 31, 2017, based on Days' sales in receivables - Average accounts receivable/(Sales/365) 2016 S 52,500.00 S 70,000.00 S 2,191.78 S 2,465.75 2017 Average accounts receivable Average daily sales Days sales in receivables b) Compute the accounts receivable turnover for the period ended December 31, 2016, and Decembe 23.95 28.39 Accounts receivable turnover = Sales/(Average accounts receivable) 2016 S800,000.00 S900,000.00 $ 52,500.00 S 70,000.00 2017 Sales Average accounts receivable Accounts receivable turnover 15.24 12.86 c) Comment on the results from (a) and (b). The company is doing a worse job of managing its accounts receivable in 2017 than in 2016. It took Furthermore, the average accounts receivable balance was collected about 15 times in 2016 but was ( The following is the data from Company X for 2016 and 2017. 2017 S900,000 2016 Net Sales $800,000 Receivables (less allowance for doubtful accounts) Beginning of period End of period $45,000 $60,000 $80,000 $60,000 Required) a) Compute the days' sales in receivables for December 31, 2016, and December 31, 2017, based on Days' sales in receivables - Average accounts receivable/(Sales/365) 2016 S 52,500.00 S 70,000.00 S 2,191.78 S 2,465.75 2017 Average accounts receivable Average daily sales Days sales in receivables b) Compute the accounts receivable turnover for the period ended December 31, 2016, and Decembe 23.95 28.39 Accounts receivable turnover = Sales/(Average accounts receivable) 2016 S800,000.00 S900,000.00 $ 52,500.00 S 70,000.00 2017 Sales Average accounts receivable Accounts receivable turnover 15.24 12.86 c) Comment on the results from (a) and (b). The company is doing a worse job of managing its accounts receivable in 2017 than in 2016. It took Furthermore, the average accounts receivable balance was collected about 15 times in 2016 but was (

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