Account receivable turnover and day’ ale in receivable
For two recent year, Robinhood Company reported the following:
20Y9 20Y8
Sale $8,246,000 $7,020,000
Account receivable:
Beginning of year 630,000 570,000
End of year 610,000 630,000
a. Determine the account receivable turnover for 20Y9 and 20Y8. Round anwer to one decimal place