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Presented Below Are Selected Data from the Financial Statements of Hospital

question 147

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Presented below are selected data from the financial statements of Hospital Supply Company for 2019,2018,and 2017.
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201820172013 Total assets $650,000$821,000$800,000 Net credit sales 800,000650,000720,000 Accounts receivable 85,00079,00074,000 Accounts receivable turnover ratio 9.8 times 8.5 times 8.0 times \begin{array}{lrrr}&2018&2017&2013\\\text { Total assets } & \$ 650,000 & \$ 821,000 & \$ 800,000 \\\text { Net credit sales } & 800,000 & 650,000 & 720,000 \\\text { Accounts receivable } & 85,000 & 79,000 & 74,000 \\\text { Accounts receivable turnover ratio } & 9.8 \text { times } & 8.5 \text { times } & 8.0 \text { times }\end{array} ​
A) Calcul ate Hospital Supply's number of days' sales in receivables for 2019 and 2018. Assume 360 days in a year.
B) What is the meaning of your answer in part (A)?

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