The following data exists for Carley Company. 2027 2026 Accounts Receivable $50,000 $70,000 Net Sales 500,000...
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The following data exists for Carley Company. 2027 2026 Accounts Receivable $50,000 $70,000 Net Sales 500,000 410,000 Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2027. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 15.2.) Accounts receivable turnover Average collection period times days The following data exists for Carley Company. 2027 2026 Accounts Receivable $50,000 $70,000 Net Sales 500,000 410,000 Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2027. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 15.2.) Accounts receivable turnover Average collection period times days
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