17.8

Accisunits Rechtvable Analysis The following data are taken from the financial statements of Basinger Inc. Terms of all sales are 2/10, 1/45. 2013 2012 2011 Accounts recevable, end of year $163,800 $172,000 $178,400 Sales on account 906,660 805,920 a. For 2012 and 2043, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round Interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day voar 2013 2012 1. Accounts receivable turnover 2. Number of daya sales in receivables days days b. The collection of accounts receivable has This can be seen in both the in accounts receivable turnover and the In the collection period