CALCULATOR PRINTERV Question 4 The following data are taken from the financial statements of Colby Company. 2019 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2020 $590,000 4,086,000 $545,000 3,168,000 (1) ZYour answer has been saved and sent for grading. See Gradebook for score details. Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $445,000. (Round answers to 1 decimal place, e.g. 1.6 2020 2019 Accounts receivable turnover 7.2 times 6.4 times SHOW ANSWER LINK TO TEXT Attempts: 1 of 1 used (22) Attempts: 1 of I used (a2) Compute for each year the average collection period. At the end of 2018, accounts receivable was $445,000. (use 365 days for calculation found answers to I decimal place, e.g. 1.6.) 2020 2019 Average collection period days days