Business, 12.04.2021 05:30 jinxjungkook3

Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years: Year 2 Year 1
Sales $2,207,520 $2,205,330
Accounts receivable 200,750 193,450
Assume that accounts receivable were $222,650 at the beginning of Year 1.

a. Compute the accounts receivable turnover for Year 2 and Year 1. Round your answer to one decimal place.

Year 2: fill in the blank 1
Year 1: fill in the blank 2
b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.

Year 2: fill in the blank 3
days
Year 1: fill in the blank 4
days
c. The change in accounts receivable turnover from year 1 to year 2 indicates a(n)

in the efficiency of collecting accounts receivable and is a(n)

change. The change in the days' sales in receivables indicates a(n)

change.

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Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its r...

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