Question: The following financial statement data are for Moonbeam Inc. For 2010 and 2011, compute: (a) Accounts receivable turnover (b) Average collection period (c) Fixed asset

The following financial statement data are for Moonbeam Inc.

For 2010 and 2011, compute:
(a) Accounts receivable turnover
(b) Average collection period
(c) Fixed asset turnover
Use the average of the beginning and ending asset balances in computing theratios.

2010 $265,000 220,000 $180,000 190,000 155,000 160,000 2011 2009 Sales Accounts receivable (net) Property, plant, and equipment (net) 75,000 0 30,000

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