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What conclusions about management of accounts receivable

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The following data are taken from the financial statements of Colby Company.

                                                                            2017                          2016

Accounts receivable (net), end of year         $ 550,000             $ 540,000

Net sales on account                               4,300,000                4,000,000

Terms for all sales are                                    1/10,                     n/45

Question 1: What conclusions about the management of accounts receivable can be drawn from the accounts receivable turnover and the average collection period. At the end of 2015, accounts receivable was $520,000.

Reference no: EM132489383

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