Accounts receivable turnover and days' sales in receivables OBJ.8 The Campbell Soup Company manufactures and markets food products throughout the world. The following sales and receivable data (in millions) were reported by Campbell Soup for two recent years: Sales Accounts receivable Year 2 $8,685 805 Year 1 $7,890 616 Assume that the accounts receivable were $638 million at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round average ac- counts receivable to one decimal place and accounts receivable turnover to two decimal places. b. Compute the days' sales in receivables for Year 2 and Year 1. Use 365 days and round to one decimal place. What conclusions can be drawn from these analyses regarding Campbell's efficiency in collecting receivables?

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Accounts Receivable Turnover and Days' Sales in Receivables Rosco Co. manufactures and markets food products throughout the world. The following sales and receivable data were reported by Rosco for two recent years: Year 2 Year 1 Sales $7,259,850 $6,860,175 Accounts receivable 719,050 704,450 Assume that the accounts receivable were $602,250 at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round your answers to one decimal place. Year 2: Year 1: b. Compute the days' sales receivables at the end of Year 2 and Year 1. Use 365 days per year your calculations. Round your answers to one decimal place. Year 2: days Year 1: days C. The change in the accounts receivable turnover from year 1 to year 2 indicates a(n) indicates a(n) - in the efficiency of collecting accounts receivable and is a(n) change. The change in the days' sales in receivables change. Check My Work Previous

The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, n/30.   Year 3 Year 2 Year 1 Accounts receivable, end of year $113,600   $120,000   $128,200   Sales 700,800   682,550       a.  For Years 2 and 3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place.   Year 3   Year 2   1. Accounts receivable turnover fill in the blank 1   fill in the blank 2   2. Number of days' sales in receivables fill in the blank 3 days fill in the blank 4 days b.  What conclusion can be drawn from these data concerning accounts receivable and credit policies?The collection of accounts receivable has    . This can be seen in the     in accounts receivable turnover and the     in the collection period. The company either became     aggressive in…