Accounts receivable balance of Dylene Co. on December 31, 2019 was P1,000,000. Below are the relevant information regarding the companys sales and accounts receivable in 2020 and 2021:

The companys credit sales are approximately 80% and 85% of its total sales in 2020 and 2021, respectively.

Compute for the accounts receivable turnover in 2020 and 2021.

Note: Answer format should be [2020] and [2021]. Limit to 2 decimal places.

Example: 10.00 and 11.00 PROVIDE SOLUTIONS

2.

Using the same information provided in Problem 6, compute for the average collection period in 2020 and 2021.

Note: Answer format should be [2020] and [2021]. Limit to 2 decimal places.

Example: 10.00 and 11.00

Problem 6 Accounts receivable balance of Dylene Co. on December 31, 2019 was P1,000,000. Below are the relevant information regarding the company's sales and accounts receivable in 2020 and 2021: 2020 2021 Accounts Receivables P1,200,000 P1,600,000 Total sales 32,000,000 34,500,000 The company's credit sales are approximately 80% and 85% of its total sales in 2020 and 2021, respectively. Compute for the accounts receivable turnover in 2020 and 2021. Note: Answer format should be [2020] and [2021]. Limit to 2 decimal places. Example: 10.00 and 11.00 26.66 and 21.56 O 23.27 and 20.95