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ABC Company recorded the following Sales and Accounts receivable figures for the years ended 31 December: Additional information: 1. Of the total sales, 70% are

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ABC Company recorded the following Sales and Accounts receivable figures for the years ended 31 December: Additional information: 1. Of the total sales, 70% are on account 2. Credit policy agreed with its customers is 2/10,n/30 Required: a. Compute the days to collect accounts receivable for the years 2021 and 2022 (show all your workings) b. Comment on the results that you obtain from your calculations. (10 marks)

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