Don't give answer in image format Show Me HowAccounts receivable turnover and days' sales in receivablesFor two recent years, Robinhood Company reported the following:20192018$8,707,500 $7,312,500eBookSalesAccounts receivable:Beginning of year600,000End of year650,000a. Determine the accounts receivable turnover for 2019 and 2018. Wound answers to one decimal place.2018:650,000640,0002019:b. Determine the days' sales in receivables for 2019 and 20Y8. Use 365 days and round all calculations to one decimal place.2018:daysdaysc. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 20y9 favorable or unfavorable?2019

The ratio analysis helps to analyze the financial statements of the business on the basis of various…

Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2019 $8,707,500 Sales Accounts receivable: Beginning of year 600,000 End of year 650,000 a. Determine the accounts receivable turnover for 2019 and 2018. Round answers to one decimal place. 2018: 2019: 2018 $7,312,500 650,000 640,000 b. Determine the days' sales in receivables for 2019 and 2018. Use 365 days and round all calculations to one decimal place. 2018: days 2019 days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 2019 favorable or unfavorable?

Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: 2019 $8,707,500 Sales Accounts receivable: Beginning of year 600,000 End of year 650,000 a. Determine the accounts receivable turnover for 2019 and 2018. Round answers to one decimal place. 2018: 2019: 2018 $7,312,500 650,000 640,000 b. Determine the days' sales in receivables for 2019 and 2018. Use 365 days and round all calculations to one decimal place. 2018: days 2019 days c. Are the changes in the accounts receivable turnover and days' sales in receivables from 2018 to 2019 favorable or unfavorable?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 8PB: The following select financial statement information from Vortex Computing. Compute the accounts...

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