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 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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