Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years:      Year 2    Year 1 Sales $4,446,795   $4,435,480   Accounts receivable 346,750   332,150   Assume that accounts receivable were $383,250 at the beginning of Year 1. a.  Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place. Year 2:   Year 1:   b.  Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations. Year 2:  days Year 1:  days c.  The change in accounts receivable turnover from year 1 to year 2 indicates a(n)   in the efficiency of collecting accounts receivable and is a(n)   change. The change in the days' sales in receivables indicates a(n)   change.

Question
  1. Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years:

         Year 2    Year 1
    Sales $4,446,795   $4,435,480  
    Accounts receivable 346,750   332,150  

    Assume that accounts receivable were $383,250 at the beginning of Year 1.

    a.  Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place.

    Year 2:  
    Year 1:  

    b.  Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.

    Year 2:  days
    Year 1:  days

    c.  The change in accounts receivable turnover from year 1 to year 2 indicates a(n)   in the efficiency of collecting accounts receivable and is a(n)   change. The change in the days' sales in receivables indicates a(n)   change.

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