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Broadway Inc. recognized credit sales of $440,000 for the year ended December 31, 2020. The accounts receivable balances at December 31, 2019, and at December
Broadway Inc. recognized credit sales of $440,000 for the year ended December 31, 2020. The accounts receivable balances at December 31, 2019, and at December 31, 2020, were $39,648 and $50,600, respectively. Compute Broadway's receivable turnover ratio and its average days to collect receivables for 2020. Note: Round your answers to one decimal place (for example, enter 5.2 for 5.1555). 0 Accounts receivable turnover Average days to collect receivables 0
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