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A Company Reported Net Sales for Year 1 of $265,000

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A company reported net sales for Year 1 of $265,000 and $545,000 for Year 2.The year-end balances of accounts receivable were $39,000 for Year 1 and $92,000 for Year 2.Calculate the days' sales uncollected at the end of each year for this company and describe any changes in the apparent liquidity of the company's receivables.


Definitions:

Japanese Architectural Style

Refers to traditional architectural principles and styles in Japan, characterized by wooden structures, elevated floors, tatami mat flooring, and sliding doors.

Minimalist Sculptors

Artists who create sculptures using minimal elements to express ideas, focusing on simplicity and essential forms.

Three-dimensionality

The quality or condition of having or seeming to have length, breadth, and depth, giving a sense of physical volume.

Tony Smith

An influential American sculptor known for his large, abstract, geometric works and a significant figure in the minimalist art movement.

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