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

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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