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6 Purrfect Pets, Inc., had sales revenue of $1,688,380 during 2011. The company had credit card discounts of $17,280 and sales returns of $3,550. The
6 Purrfect Pets, Inc., had sales revenue of $1,688,380 during 2011. The company had credit card discounts of $17,280 and sales returns of $3,550. The balance in accounts receivable on December 31, 2010 was $104,300 and on December 31, 2011 it was $128,100. Calculate the receivables turnover ratio and days to collect measure for 2011 (Round your intermediate calculations and final answers to 1 decimal place. Use 365 days a year.) 8 020929 Receivables turnover ratio Days to collect
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