Question: The following financial statement data are for Moonbeam Inc. For 2012 and 2013, compute: (a) Accounts receivable turnover (b) Average collection period (c) Fixed asset

The following financial statement data are for Moonbeam Inc.

For 2012 and 2013, 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 the ratios.

2013 2012 2011 30,000

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