please solve with proper explanation , computation ,formula with steps answer in text thanks Accounts receivable turnover and days' sales in receivablesFor two recent years, Robinhood Company reported the following:SalesAccounts receivable:Beginning of yearEnd of year20Y8:520,000580,000a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place.20Y9:20Y8:20Y9:20Y9$7,695,000b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place.daysdays20Y8$6,325,000580,000560,000

ACCOUNT RECEIVABLE TURNOVER RATIOAccount Receivable Turnover Ratio is the Ratio between Net Sales…

Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: Sales Accounts receivable: 20Y8: Beginning of year 520,000 End of year 580,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y9: 20Y8: 20Y9: 20Y9 $7,695,000 b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. days days 20Y8 $6,325,000 580,000 560,000

Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company reported the following: Sales Accounts receivable: 20Y8: Beginning of year 520,000 End of year 580,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y9: 20Y8: 20Y9: 20Y9 $7,695,000 b. Determine the days' sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. days days 20Y8 $6,325,000 580,000 560,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter6: Receivables And Inventories

Section: Chapter Questions

Problem 6.9.2MBA

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