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Berman Company reported the following financial information: 12/31/12 12/31/11 Accounts receivable $ 320,000 $ 360,000 Net credit sales 2,550,000 2,420,000 Instructions: Compute for period for

Berman Company reported the following financial information:

12/31/12 12/31/11

Accounts receivable $ 320,000 $ 360,000

Net credit sales 2,550,000 2,420,000

Instructions:

Compute for period for 2012:

(a) Receivables turnover

(b) Average collection

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