the following annual account balances are taken from proteam sports at december 31 646383
The following annual account balances are taken from ProTeam Sports at December 31.
|
|
2011 |
2010 |
|
Accounts receivable |
$ 75,692 |
$ 70,484 |
|
Net sales |
2,591,933 |
2,296,673 |
What is the change in the number of days’ sales uncollected between years 2010 and 2011? According to this analysis, is the company’s collection of receivables improving? Explain.