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CL chapler Financial statement data for the years ended December 31 for Parker Corporation are...

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Accounting

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CL chapler Financial statement data for the years ended December 31 for Parker Corporation are as follows: Current Year Prior Year Sales $2,595,600 $2,409,500 Accounts receivable: $390,000 Beginning of the year End of the year $400,000 390,000 434,000 a. Determine the accounts receivable turnover for each year. Round your answers to one decimal place Accounts Receivable Turnover Current Year times Prior Year times b. Determine the number of days' sales in receivables for each year. Round your answers to nearest day. Assume 365 days per year Number of Days' Sales in Receivables Current Year days days Prior Year c. Does the change in accounts receivable tumover and number of days' sales in receivables from the first year to the second year indicate a favorable or unfavorable trend

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