Financial statement data for the years ended December 31 for Parker Corporation are as follows: 
(a) Determine the accounts receivable turnover for each year. Round to one decimal place.(b) Determine the number of days' sales in receivables for each year. Round to whole days.(c) Does the change in accounts receivable turnover and number of days' sales in receivables from
the first year to the second year indicate a favorable or unfavorable trend?
Definitions:
Scarce
Describes resources or goods that are limited in availability and cannot satisfy all the wants and needs of consumers.
Positive Economics
A branch of economics focused on the description and explanation of economic phenomena, as opposed to normative economics which prescribes policies.
Value Judgments
Assessments based on personal or societal preferences, beliefs, or ethics, as opposed to objective measurements.
Policy Alternatives
Various strategies or plans of action that policy-makers can consider and potentially implement to address specific public issues.
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