The following information is available for Sandhill Products:

		2014		2013
Accounts receivable		$72,000		$88,800
Cost of goods sold		626,400		696,000
Inventory (ending)		62,400		81,600
Net cash provided by operating activities		264,000		204,000
Net sales		1,053,240		1,128,000
Capital expenditures		48,000		45,600
Dividends		29,160		38,400

Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.)

Accounts receivable turnover

enter a number of times rounded to 1 decimal place

times

Average collection period

enter a number of days rounded to 1 decimal place

days

Answer rating: 100% (QA)

Solution The correct answer is Accounts turnover period 131 Times Average collection period 279 D... View the full answer