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  3. the following data are taken from the financial st

The following data are taken from the financial statements of Sigmon Inc. Terms of all...

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Accounting

The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45.

20Y3 20Y2 20Y1
Accounts receivable, end of year $120,200 $128,000 $134,800
Sales on account 806,650 775,260

a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round answers to one decimal place. Assume a 365-day year.

20Y3 20Y2
1. Accounts receivable turnover
2. Number of days' sales in receivables days days

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