BE14.11 (LO 3), AN An icon reads, Writing. The following data are taken from the financial...

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BE14.11 (LO 3), AN An icon reads, Writing. The following data are taken from the financial statements of Colby Company. 2022 2021 Accounts receivable (net), end of year $550,000 $540,000 Net sales on account 4,300,000 4,000,000 Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover 2021 2022 and the average collection period. 2021 2022 At the end of 2020, accounts receivable (net) was $520,000. Round to one decimal place BE14.11 (LO 3), AN An icon reads, Writing. The following data are taken from the financial statements of Colby Company. 2022 2021 Accounts receivable (net), end of year $550,000 $540,000 Net sales on account 4,300,000 4,000,000 Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover 2021 2022 and the average collection period. 2021 2022 At the end of 2020, accounts receivable (net) was $520,000. Round to one decimal place