Question: Current Attempt in Progress The following data are taken from the financial statements of Sunland Company 2017 2016 Accounts receivable (net), end of year $

 Current Attempt in Progress The following data are taken from the

Current Attempt in Progress The following data are taken from the financial statements of Sunland Company 2017 2016 Accounts receivable (net), end of year $ 598,400 $ 536,000 Net sales on account 4,830,000 3,955,000 Terms for all sales are 1/10, 1/45 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $499 500. (Round answers to 1 decimal place, 28. 12.5) 2017 2016 Accounts receivable turnover times times Compute for each year the average collection period. (Round answers to 1 decimal place, c. 12.5. Use 365 days for calculation) 2017 2016 Average collection period days days

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