2022 2021 Accounts receivable (net), end of year $530,000 $480,000 Net sales on account 4,090,500 3,085,500...

  

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2022 2021 Accounts receivable (net), end of year $530,000 $480,000 Net sales on account 4,090,500 3,085,500 Terms for all sales are 1/10, n/45 (a1) Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable (net) was $455,000. Compute for each year the average collection period. At the end of 2020, accounts receivable (net) was $455,000. 2022 2021 Accounts receivable (net), end of year $530,000 $480,000 Net sales on account 4,090,500 3,085,500 Terms for all sales are 1/10, n/45 (a1) Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable (net) was $455,000. Compute for each year the average collection period. At the end of 2020, accounts receivable (net) was $455,000.