Question: Question 24 --/5 View Policies Current Attempt in Progress The financial statements of Crane report net credit sales of $1.8 million. Accounts receivable are $30,000
Question 24 --/5 View Policies Current Attempt in Progress The financial statements of Crane report net credit sales of $1.8 million. Accounts receivable are $30,000 at the beginning of the year and $280,000 at the end of the year. Calculate Crane's accounts receivable turnover and average collection period for accounts receivable in days. (Round accounts receivable turnover to 2 decimal places, e.g. 52.75. and average collection period to O decimal places, e.g. 52. Use 365 days for calculation.) Accounts receivable turnover times days Average collection period
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