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Brief Exercise 13-11 a-b1 (Part Level Submission) The following data are taken from the financial statements of Carla Vista Company. 2022 2021 Accounts receivable (net),
Brief Exercise 13-11 a-b1 (Part Level Submission) The following data are taken from the financial statements of Carla Vista Company. 2022 2021 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 $ 550,300 4,675,000 $ 545,000 3,923,000 (a) Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable was $535,000. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Accounts receivable turnover times times Click if you would like to Show Work for this question: Open Show Work Brief Exercise 13-12 a-b1 (Part Level Submission) The following data were taken from the income statements of Crane Company. 2022 Sales revenue Beginning inventory Purchases $6,420,000 968,100 4,706,000 1,118,000 2021 $6,140,000 810,700 4,687,000 968,100 Ending inventory (a) Compute the inventory turnover for each year. (Round answers to 1 decimal place, e.g. 12.5.) 2022 2021 Inventory turnover times times
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