Question: please answer 3 Presented here is basic financial information (in millions) from the annual reports of Blossom and Nash. Blossom Sales $18,000 Nash $10.000 110
Presented here is basic financial information (in millions) from the annual reports of Blossom and Nash. Blossom Sales $18,000 Nash $10.000 110 Allowance for doubtful accounts, Jan. 1 72.0 78.0 110 Allowance for doubtful accounts, Dec. 31 Accounts receivable balance gross), Jan 1 Accounts receivable balance (gross). Dec, 31 2.500.0 1,500 2.800.0 1.400 Cakulate the accounts receivable turnover and average collection period for both companies (Round answers to 1 decimal place, es 152 Use 365 days for calculation) Blossom Nash Accounts receivable turnover times times Average collection period days days e Textbook and Media
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