Question: to the accounting expert please help on this problem. Assignment#1.pdf Exercise 17-4 Accounts receivable turnover calculation and analysis L04 2017 2016 2015 Net sales Accounts

to the accounting expert please help on this problem.

Assignment#1.pdf Exercise 17-4 Accounts receivable turnover calculation and analysis L04 2017 2016 2015 Net sales Accounts receivable Profit $1,440,000 $1,040,000 352,000 86,400 392.000 408,000 $960.000 65,600 417,600 You review the above information for your daycare business and it reveals decreasing profits despite in- creasing sales. You hire an analyst who highlights several points, including that "Accounts receivable turnover is too low. Tighter credit policies are recommended along with discontinuing service to those most delayed in payments." How do you interpret these recommendations? What actions do you take? Round calculations to two decimal places. 2 of 3 2 4c ^

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