(b) Compute Jones's accounts receivable turnover and days to collect receivables for the year. The company does not believe it will have any bad debts. (Round answers to decimal places, e.g. 4.57.) Accounts receivable turnover Days to collect accounts receivable Click if you would like to show Work for this question: Coen Show Work Attempts: 0 of 4 used SAVE FOR LATER SUBMIT ANSWER Exercise 7-20 (Part Level Submission) Presented below is information for Jones Company. 1. Beginning-of-the-year Accounts Receivable balance was $15,000. 2. Net sales (all on account) for the year were $100,000. Jones does not offer cash discounts. 3. Collections on accounts receivable during the year were $70,000. Exercise 7-20 (Part Level Submission) Presented below is information for Jones Company. Beginning-of-the-year Accounts Receivable balance was $15,000. 2. Net sales (all on account) for the year were $100,000. Jones does not offer cash discounts. 3. Collections on accounts receivable during the year were $70,000