Accounts Receivable Analysis The following data are taken from the financial statements of Basinger Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $196,800

Excerpt
365-day year. 20Y3 20Y2 1. Accounts receivable turnover 2. Number of days’ sales in receivables days days b. The collection of accounts receivable has improved . Ts can be seen in both the increase in accounts receivable turnover and the decrease in the collection period.

Accounts Receivable Analysis The following data are taken from the financial statements of Basinger Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $196,800 $212,000 $226,000 Sales on account 1,369,480 1,292,100 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 one decimal place. Assume a 365-day year. 20Y3 20Y2 1.  Accounts receivable turnover 2.  Number of days’ sales in receivables days days b. The collection of accounts receivable has improved . Ts can be seen in both the increase  in accounts receivable turnover and the decrease  in the collection period.

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