During $2020,$ Jesse Jericho Enterprises Corporation recorded credit sales of $$702,000.$ At the beginning of the year, Accounts Receivable, Net of Allowance was $$79,000.$ At the end of the year, after the Bad Debt Expense adjustment was recorded but before any bad debts had been written off, Accounts Receivable, Net of Allowance was $$83,500.$

Required:

$1.$ Assume that on December $31,2020,$ accounts receivable totalling $$13,000$ for the year were determined to be uncollectible and written off. What was the receivables turnover ratio for $2020?($Round your answer to $1$ decimal place.$)$

$2.$ Assume instead that on December $31,2020,$ $$18,000$ of accounts receivable was determined to be uncollectible and written off. What was the receivables turnover ratio for $2020?($Round your answer to $1$ decimal place.$)$

$3.$ Do the answers in parts $1$ and $2$ differ or not?

multiple choice

Differ

Do not differ