Question

The financial statements of Magnotta Winery Corporation report net sales of $23,223,804 for its year ended January 31, 20ll. Accounts receivable are $616,797 at January 31, 2011, and $590,322 at January 31, 2010.
Calculate the company's accounts receivable turnover ratio and the average collection period for accounts receivable in days.


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  • CreatedSeptember 18, 2015
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