Question: Please answer b1 ? ( a ) Your answer is correct. Compute for each year the accounts receivable turnover. At the end of 2015, accounts

Please answer b1
? ( a ) Your answer is correct. Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $486,500. (Round answers to 1 decimal place, e.g. 12.5.) 2017 2016 Accounts receivable turnover 8.4 times 7.8 times SHOW SOLUTION LINK TO TEXT INTERACTIVE TUTORIAL (b1) Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) 2017 2016 Average collection period days days
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