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5) A firm provided the following data: Accounts Receivable Allowance for Bad Debts Credit Sales Sales Returns Sales Discounts 12/31 Year 1 12/31 Year

5) A firm provided the following data: Accounts Receivable Allowance for Bad Debts Credit Sales Sales Returns Sales Discounts 12/31 Year 1 12/31 Year 2 $ 200,000 $ 20,000 $ 250,000 $ 35,000 $2,000,000 $ 15,000 $ 18,000 $ 50,000 Bad Debt Expense Find the firm's Receivables Turnover Ratio and Days Sales in Receivables

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