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Compute the accounts receivable turnover and the average collection period for both years.

05 / 03 / 2018 Assignment

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The following
data are taken from the financial statements of Dands Company:

2015 2014

Monthly average accounts receivable $ 565,000 $ 700,000

Net sales on account $6,200,000 $7,000,000

Terms for all sales are 2/10, n/30

Instructions

(a) Compute the accounts receivable turnover and
the average collection period for both years.

(b) What conclusion can an analyst draw about
the management of the accounts receivable?



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