Brief Exercise 18 11 (Part Level Submission) The following data are taken from the financial statements of Rainsberger Company 2015 2014 Accounts receivable (net), end of year $516,400 $554,500 Net sales on account 3,906,000 3,008,700 Terms for all sales are 1 10, n 60 (a1)Compute for each year the accounts receivable turnover At the end of 2013, accounts receivable (net) was $502,500 (Round answers to 1 decimal place, e g 1 6 ) 2015 2014 Accounts receivable turnover times times

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Question: Brief Exercise 18-11 (Part Level Submission) The following data are taken from the financial statements of Rainsberger Company. 2015 2014 Accounts receivable (net), end of

Brief Exercise 18-11 (Part Level Submission) The following data are taken from the financial statements of Rainsberger Company.

2015	2014
Accounts receivable (net), end of year	$516,400	$554,500
Net sales on account	3,906,000	3,008,700
Terms for all sales are 1/10, n/60.

(a1)Compute for each year the accounts receivable turnover. At the end of 2013, accounts receivable (net) was $502,500.(Round answers to 1 decimal place, e.g. 1.6.)

2015	2014
Accounts receivable turnover	times	times

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