Financial statement data for years ending December 31 for

Chiro Solutions
Financial statement data for years ending December 31 for Chiro Solutions

Financial statement data for years ending December 31 for Chiro-Solutions Company follow:
__________________________ 20Y2 _____________ 20Y1
Sales ............................ $2,912,000 ............. $2,958,000
Accounts receivable:
Beginning of year ............. 300,000 ................... 280,000
End of year ..................... 340,000 .................. 300,000
a. Determine the accounts receivable turnover for 20Y2 and 20Y1.
b. Determine the days' sales in receivables for 20Y2 and 20Y1. Use 365 days and round to one
decimal place.
c. Does the change in accounts receivable turnover and the days' sales in receivables from
20Y1 to 20Y2 indicate a favorable or unfavorable change?

Financial statement data for years ending December 31 for Chiro Solutions
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