Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance products. The company's products include such brands as Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren, Polo Jeans Co., and Chaps. Polo Ralph Lauren reported the following (in thousands) for two recent years: For the Period Ending Year 2 Year 1 Sales $7,620,000 $7,450,000 Accounts receivable 857,000 800,000 Assume that accounts receivable (in millions) were $607,000 at the beginning of Year 1. a. Compute the accounts receivable turnover for Year 2 and Year 1. Round 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 Ralph Lauren's c. efficiency in collecting receivables?

At what amount will accounts receivable for Anderson Company be reported on the balance sheet if the gross receivable balance is $52,000 and the allowance for doubtful accounts is estimated at 4% of gross receivables? Select one: A. $28,200 B. $49,920 C. $52,960 D. $47,000

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

compute number of days sales in receivables round your calculation and answer assume 365 days ina year

ccounts receivable turnover and days’ sales in receivables Financial statement data for years ending December 31 for Schultze-Solutions Company follow:   20Y2 20Y1 Sales   $1,848,000     $1,881,000   Accounts receivable:                 Beginning of year   195,300     184,700       End of year   224,700     195,300   a. Determine the accounts receivable turnover for 20Y2 and 20Y1. If required, round the final answers to one decimal place.   AccountsReceivableTurnover 20Y2 fill in the blank 1 20Y1 fill in the blank 2   b. Determine the days’ sales in receivables for 20Y2 and 20Y1. Use 365 days, if required round the final answers to one decimal place.   Days’ Salesin Receivables 20Y2   fill in the blank 3  days 20Y1   fill in the blank 4  days

Accounts receivable turnover and days’ sales in receivables Financial statement data for years ending December 31 for Schultze-Solutions Company follow:   20Y2 20Y1 Sales   $1,848,000     $1,881,000   Accounts receivable:                 Beginning of year   195,300     184,700       End of year   224,700     195,300   a. Determine the accounts receivable turnover for 20Y2 and 20Y1. If required, round the final answers to one decimal place.   AccountsReceivableTurnover 20Y2 fill in the blank 1 20Y1 fill in the blank 2   b. Determine the days’ sales in receivables for 20Y2 and 20Y1. Use 365 days, if required round the final answers to one decimal place.   Days’ Salesin Receivables 20Y2   fill in the blank 3  days 20Y1   fill in the blank 4  days   c. Does the change in accounts receivable turnover and the days’ sales in receivables from 20Y1 to 20Y2 indicate a favorable or unfavorable change

Account Title Beginning Balance Ending Balance Accounts receivable $28,600 $40,500 Allowance for doubtful accounts 1,760 2,160 Notes receivable 47,200 47,200 Interest receivable 930 4,234   The note receivable has a two-year term with a 7.00 percent interest rate. What amount of interest revenue was recognized during the period? How much cash was collected from interest?   Please explain how you find the cash received for interest

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Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following:   20Y9 20Y8 Sales $7,980,000 $6,726,000 Accounts receivable:     Beginning of year 610,000 530,000 End of year 590,000 610,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round answers to one decimal place. 20Y8: 20Y9: b. Determine the days’ sales in receivables for 20Y9 and 20Y8. Use 365 days and round all calculations to one decimal place. 20Y8: days 20Y9: days c. Are the changes in the accounts receivable turnover and days’ sales in receivables from 20Y8 to 20Y9 favorable or unfavorable?

Analyzing Accounts ReceivableThe following information is taken from the annual report of Coca-Cola Enterprises, Inc.: (amounts in millions) Year 1 Year 2 Net sales $19,058 $19,606 Accounts receivable (net) 1,884 1,802 Calculate the receivable turnover ratio and the receivable collection period for Year 1 and Year 2. Round your answer to two decimal places.   Year 1   Year 2   Receivable turnover ratio             Receivable collection period   days   days How much additional cash flow from operations could Coca-Cola Enterprises generate in Year 2 if it could reduce its receivable collection period to just 30 days?Round your final answer to the nearest million dollar.   Year 2   Additional cash flow   million