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CALCULATOR FU? Brief Exercise 13-11 The following data are taken from the financial statements of Crane Company. 2017 $571,600 $615,000 4,565,000 4,057,000 2016 Accounts receivable

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CALCULATOR FU? Brief Exercise 13-11 The following data are taken from the financial statements of Crane Company. 2017 $571,600 $615,000 4,565,000 4,057,000 2016 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 Your answer is partially correct. Try again Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $ 511,500. (Round answers to 1 decimal place, e.g. 12.5) 2017 2016 Accounts receivable turnover .7 times 6.7ll times 10 TEXT Your answer is partially correct. Try again. Compute for each year the average collection period. (Round answers to I decimal places, e.g, 12s. Use 365 days for calculation) 2017 2016

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