Question: Current Attempt in Progress The following data are taken from the financial statements of Blossom Company Accounts receivable, end of year 2021 2020 $ 550,000
Current Attempt in Progress The following data are taken from the financial statements of Blossom Company Accounts receivable, end of year 2021 2020 $ 550,000 $ 520,000 3,905,500 3,100,000 Net credit sales Terms for all sales are 1/10, 1/60. Calculate for each year the receivable turnover. At the end of 2019, accounts receivable was $480,000. (Round answers to decimal 125 2021 2020 Accounts receivable turnover times times e Textbook and Media Calculate for each year the collection period. (Round answers to 1 decimal place . 12.5. Use 365 days for collation 2021 2020 days Collection period days e Textbook and Media 112019
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