(Solved): Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon i ...

Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon inc. Terms of all sales are $$2/10,n/45$$. a. For $$20\mathrm{Y}2$$ and $$20\mathrm{Y}3$$, determine (1) the accounts receivable tumover and (2) the number of days sales in receivables, Round answers to one decimal place: Assume a 365 -day year. 1. 2. b. The collection of accounts receivable has turnover and the in the collection period. in accounts receivable Fetopeck F Crack My wonk a.1. Divide net sales by average accounts recelvable Average Accounts fecevable = (Beginning Accounts Rocowable - Ending Accounts Roceivabie) - 2. Accounts Recalabie) $$+2$$ Avtrage daly saies on account = Net $$8al05+365$$ days b. Consider the Jelationship of the accounts involved Consider the offects of the changes on the businest