Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 18

A Accounts receivable turnover and number of days' sales in receivables
Financial statement data for years ending December 31 for Chiro-Solutions Company follows:

a. Determine the accounts receivable turnover for 2016 and 2015.
b. Determine the number of days' sales in receivables for 2016 and 2015. Use 365 days and round to one decimal place.
c. Does the change in accounts receivable turnover and the number of days' sales in receivables from 2015 to 2016 indicate a favorable or an unfavorable trend
B Accounts receivable turnover and number of days' sales in receivables
Financial statement data for years ending December 31 for Robinhood Company follows:

a. Determine the accounts receivable turnover for 2016 and 2015.
b. Determine the number of days' sales in receivables for 2016 and 2015. Use 365 days and round to one decimal place.
c. Does the change in accounts receivable turnover and the number of days' sales in receivables from 2015 to 2016 indicate a favorable or an unfavorable trend