Accounts Receivable Analysis The following account balances are taken from the records of the Middleroad Travel Agency: Accounts receivable Net credit sales 2017 $180,000 $600,000 December 31 2016 2015 $100,000 $80,000 $575,000 Middleroad extends credit terms requiring full payment in 60 days, with no discount for early payment. Required: (Assume 360 days in a year.) 1. Middleroad's accounts receivable turnover ratio for 2017 and 2016, respectively, are l 2. Its number of days' sales in receivables for 2017 and 2016, respectively, are i 3. The average age of its receivables for 2017 is allowing payment termi time to pay could cause, and and than the credit period. The company may decide that allowing a sales which seems to be the case here. However, the company may find that problems