The Following Account Balances Are Taken from Ferguson Sports at December

question 160

Essay

The following account balances are taken from Ferguson Sports at December 31.
$$\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 6 } & \mathbf { 2 0 1 5 } \\\hline \text { Accounts receivable } & 18,02 \mathrm { q } & 23,450 \\\hline \text { Net sales } & 163,50 \mathrm { q } & 157,100 \\\hline\end{array}$$
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:

Cyclic Pathway

A biochemical route characterized by a series of reactions where the final product regenerates the initial reactant.

Electron Transport System

A series of complexes that transfer electrons through a membrane within mitochondria or chloroplasts to generate a gradient for ATP production.

ATP

Adenosine triphosphate, a molecule that provides energy for many processes in living cells by being converted to ADP (adenosine diphosphate).

NADPH

Nicotinamide adenine dinucleotide phosphate, a coenzyme involved in anabolic reactions, such as lipid and nucleic acid synthesis, acting as a reducing agent.