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(Accounts receivable turnover) The financial data for Vintage Furniture Inc. and Victoria Foodland Ltd. for the current year are as follows (amounts in thousands):
(Accounts receivable turnover) The financial data for Vintage Furniture Inc. and Victoria Foodland Ltd. for the current year are as follows (amounts in thousands): Annual Sales Accounts Receivable Jan. 1 Accounts Receivable Dec. 31 Vintage Furniture $84,958 $6,360 $9,520 Victoria Foodland 42,032 1,220 1,620 Part 1 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, e.g. 18.4.) Accounts receivable turnover eTextbook and Media Save for Later Vintage Furniture Victoria Foodland times times Attempts: 0 of 3 used Submit Answer Part 2 Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, e.g. 18.4.) Vintage Furniture Victoria Foodland days Days to Collect days eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
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