The Following Account Balances Are Taken from Everest Events at December

question 59

Essay

The following account balances are taken from Everest Events at December 31.
$$\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 6 } & \mathbf { 2 0 1 5 } \\\hline \text { Accounts receivable } & 170,230 & 260,450 \\\hline \text { Net sales } & 1,500,750 & 1,450,600 \\\hline\end{array}$$
Calculate the number of days' sales uncollected for both years.According to this analysis,is the company's collection of receivables improving? Explain.

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Definitions:

Evolution

The process through which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Charles Darwin

A 19th-century naturalist who is best known for his contributions to the theory of evolution by natural selection.

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Emotions that are unlearned and universal, that are reflected in the same facial expressions across cultures, and that emerge in children according to their biological timetable of development; fear, anger, disgust, surprise, happiness, and sadness are usually considered basic emotions.

Facial Expressions

Visible changes in the face that convey emotional states, intentions, or social communications.