19. The following information is taken from the records of Fellows Services Ltd. 2012 &nb
19. The following information is taken from the records of Fellows Services Ltd.
|
2012 |
2011 |
2010 |
|
|
Accounts receivable |
$100,700 |
$95,400 |
$89,640 |
|
Allowance for doubtful accounts |
3,020 |
2,860 |
2,690 |
|
Sales revenue |
1,037,210 |
1,097,100 |
1,120,500 |
|
Sales discounts |
14,521 |
17,554 |
16,808 |
Instructions:
(a) Calculate the 2012 and 2011 accounts receivable turnover and collection period.
(b) Comment on any improvement or weakening in Fellows’ management of its receivables.
Homework Answers
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19. The following information is taken from the records of
Fellows Services Ltd.
2012
&nb
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