Question: 8 1.11 points Problem 3-3 Calculating the Average Collection Perlod [LO 2] Ordonez Lumber Yard has a current accounts receivable balance of $448,016. Credit sales

 8 1.11 points Problem 3-3 Calculating the Average Collection Perlod [LO

8 1.11 points Problem 3-3 Calculating the Average Collection Perlod [LO 2] Ordonez Lumber Yard has a current accounts receivable balance of $448,016. Credit sales for the year just ended were $9,153,500. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, o.g, 32.16.) Receivables turnover and round your answer to 2 decimal places, e.g., 32.16.) Days' sales in receivables How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round places, e.g., 32.16.) calculations and round your answer to 2 decimal Average collection period Hints References eBook & Resources 5 6 3

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