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Brief Exercise 223 The following data are taken from the financial statements of Sarasota Company: Average accounts receivable Net sales on account Terms for all
Brief Exercise 223 The following data are taken from the financial statements of Sarasota Company: Average accounts receivable Net sales on account Terms for all sales are 2/10, n/30 2022 $520,000 5,928,000 2021 $554,000 5,373,800 Compute the accounts receivable turnover for each year. (Round answers to 1 decimal place, e.g. 5.2.) 2022 2021 Accounts receivable turnover times times times Compute the average collection period for each year. (Round answers to 1 decimal place, e.g. 15.2.) 2022 2021 Average collection period days days Click if you would like to Show Work for this question: Open Show Work
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