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The options at the bottom are (in order) increase or decrease, favorable or unfavorable,...

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Accounting

image The options at the bottom are (in order) increase or decrease, favorable or unfavorable, favorable or unfavorable

Accounts Receivable Turnover and Days' Sales in Receivables Classic Company designs, markets, and distributes a varlety of apparel, home decor, accessory, and fragrance products. The company's products Include such brands as Polo by Classic, Classic Purple Label, Classic, Polo Jeans Co., and Chaps. Polo Classic reported the following for two recent years For the Period Ending Year 2 Year 1 Sales Accounts receivable Assume that accounts receivable were $584,000 at the beginning of Year 1 a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place Year 2: Year 1: b. Compute the days' sales in receivables for Year 2 and Year 1. Round to one decimal place. Use 365 days per year in your calculations. Year 2: Year 1: $6,718,920 $6,701,400 635,100 657,000 days days c.The change in the accounts receivable turnover from year 1 to year 2 indicates atn The change in the accounts receivable turnover from year 1 to year 2 indicates an) in the efficiency of collecting accounts receivable and is a(n) change. The change in the days sales in recelvables is a(n) change increase decrease

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