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Brief Exercise 9-11 The following data are taken from the financial statements of Oriole Company. 2017 $559,600$585,000 4,788,000 4,161,000 2016 Accounts receivable (net), end of
Brief Exercise 9-11 The following data are taken from the financial statements of Oriole Company. 2017 $559,600$585,000 4,788,000 4,161,000 2016 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $486,500. (R place, e.g. 12.5.) 2017 2016 Accounts receivable turnover times times LINK TO TEXT INTERACTIVE TUTORIAL Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 2017 2016 Average collection period days days Click if you would like to Show Work for this question: Open Show Work
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