The following data are taken from the financial statements:? 
(a)Assuming that credit terms on all sales are n/45, determine for each year:
(1)Accounts receivable turnover
(2)Number of days' sales in receivables (Round intermediate calculation to the nearest whole number and your final answer to two decimal places.)
(b)Comment on any significant trends revealed by the data.
Definitions:
Induced Consumption
Consumption that increases when income increases and decreases when income decreases, reflecting consumers' responsive behavior to changes in income levels.
Disposable Income
The monetary flexibility households have for saving and spending after deducting income taxes.
Consumption
The use of goods and services by households, constituting a primary component of economic activity.
Disposable Income
Funds permissible for households' usage in saving and spending post the accounting of income taxes.
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