Question Accounts Receivable Turnover and Number of Days' Sales inReceivables Financial statement data for years ending December 31for Blum Company are shown below. 2016 2015 Sales $6,553,940$6,168,500 Accounts receivable: Beginning of year 449,970 505,340End of year 528,230 443,660 a. Determine the accounts receivableturnover for 2016 and 2015. Round your answers to one decimalplace. Accounts Receivable Turnover 2016 2015 b. Determine thenumber of days' sales in receivables for 2016 and 2015. Use 365days in a year in your computations. Round interim calculations andyour final answers to one decimal place. Number of Days' Sales inReceivables 2016 days 2015 days c. Does the change in accountsreceivable turnover and the number of days' sales in receivablesfrom 2015 to 2016 indicate a favorable or an unfavorable trend?
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Accounts Receivable Turnover and Number of Days' Sales inReceivables Financial statement data for years ending December 31for Blum Company are shown below. 2016 2015 Sales $6,553,940$6,168,500 Accounts receivable: Beginning of year 449,970 505,340End of year 528,230 443,660 a. Determine the accounts receivableturnover for 2016 and 2015. Round your answers to one decimalplace. Accounts Receivable Turnover 2016 2015 b. Determine thenumber of days' sales in receivables for 2016 and 2015. Use 365days in a year in your computations. Round interim calculations andyour final answers to one decimal place. Number of Days' Sales inReceivables 2016 days 2015 days c. Does the change in accountsreceivable turnover and the number of days' sales in receivablesfrom 2015 to 2016 indicate a favorable or an unfavorable trend?
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