Compute accounts receivable turnover ratios

Assignment Help Business Management

Reference no: EM1378316

Question: Use these information to compute accounts receivable turnover ratios and average collection periods for 2005 and 2006. Based on your analysis, is Hickory Corporation managing its receivables better or worse in 2006 than it did in 2005?

Assume that Hickory Company has the following data related to its accounts receivable:

2005 2006
Net Sales $1,425,000 $1,650,000
Net recievables:
Beginning of year $375,000 $333,500
End of year $420,000 $375,000

Reference no: EM1378316

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