Question: Please answer question #23 part B, SHOWING ALL WORK ACCORDINGLY. Thank you! The following data are taken from the financial statements of Cullumber Company 2022

Please answer question #23 part B, SHOWING ALL WORK ACCORDINGLY. Thank you!
Please answer question #23 part B, SHOWING ALL WORK ACCORDINGLY. Thank you!
The following data are taken from the financial statements of Cullumber Company

The following data are taken from the financial statements of Cullumber Company 2022 2021 Accounts receivable (net), end of year $ 560,400 $ 564,000 Net sales on account 4,623,000 4,016,000 Terms for all sales are 1/10,n/45 (a) Your answer has been saved, See score details after the due date. Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable was $572,000. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Accounts receivable turnover 82 times 71 times Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) 2022 2021 Average collection period days days

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