The following data are taken from the financial statements of Sigmon Inc Terms of all...
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The following data are taken from the financial statements of Sigmon Inc Terms of all sales are 2 10 n 45 1 Accounts receivable turnover 2 Number of days sales in receivables The collection of accounts receivable has urnover and the 20Y3 20Y2 Accounts receivable end of year 725 000 Sales on account 5 637 500 a For 20Y2 and 20Y3 determine 1 the accounts receivable turnover and 2 the number of days sales in receivables Round interim calculations to the nearest dollar and final answers to on decimal place Assume a 365 day year 650 000 4 687 500 in the collection period 20Y1 600 000 20Y3 20Y2 days This can be seen in both the days in accounts receivabl
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