Use the Selected Financial Information Provided Below to Answer the Following

question 220

Essay

Use the selected financial information provided below to answer the following questions.
$\begin{array}{lrrr}&\text { Year } 3&\text { Year } 2&\text { Year }1\\\text { Accounts receivable } & \$ 63,750 & \$ 60,000 &\$ 55,500 \\\text { Total assets } & 487,500 & 615,750 & 600,000 \\\text { Net credit sales } & 600,000 & 487,500 & 540,000 \\\text { Net income } & 11.250 & 65,000 & 9,000\end{array}$

A) Calculate the company's accounts recervable turnover ratid for Year 3 and Year 2

B) Determine the number of days it would take to turn over accounts receivable at December 31, Year 3 and Year 2.

C) What could have caused the change?

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Definitions:

Supervisory Relationships

describes the dynamic and interaction between supervisors and their subordinates, focusing on guidance, support, and performance management.

Organization Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Informal Decision-Making Coalitions

Groups formed within organizations without official status that influence decisions through informal networks and relationships.

Formal Communication Channels

Structured pathways through which official information flows within an organization, such as memos, emails, and meetings.