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  3. or two recent years, robinhood company reported th

or two recent years, Robinhood Company reported the following: 20Y920Y8 ...

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Accounting

or two recent years, Robinhood Company reported the following:
20Y920Y8
Sales $7,392,000 $6,267,500
Accounts receivable:
Beginning of year 570,000520,000
End of year 550,000570,000
a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place.
20Y8: fill in the blank 1
20Y9: fill in the blank 2
b. Determine the days sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place.
20Y8: fill in the blank 3
days
20Y9: fill in the blank 4
days
c. Are the changes in the accounts receivable turnover and days sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?

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