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The following data are taken from the financial statements of Concord Company. 2022 Accounts receivable (net), end of year $580,000 2021 $485,000 3,022,500 Net sales on account Terms for all sales are 1/10, n/45 Your Answer Correct Answer Your answer is partially correct. 3,887,250 16 Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable (net) was $445,000. (Round answers to I decimal place e.g. 1.6.) Accounts receivable turnover eTextbook and Media Solution X Your answer is incorrect. 2022 7.3 times 2021 6.20 times Attempts: 4 of 4 used Compute for each year the average collection period. At the end of 2020, accounts receivable (net) was $445,000. (Use 365 days 2022 2021 Average collection period 6.20 days 6.20 days SUPPORT