BE12.6 Evaluate collection of accounts receivable. L04 The following data are taken from the financial statements of Bristol Ltd. 2020 2019 Accounts receivable {net}, and of year S 672 000 S 564 000 Net sales on account 6 600 000 4 920 000 Terms forall sales are lilo, nf45. Calculate for each year {a} the receivables turnover and {b} the average collection period. What conclusions about the management of accounts receivable can be drawn from these data? At the end of 2018 accounts receivable {net} was $588 000