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Camden Hardwares credit sales for the year were $320,000. Accounts receivable at the beginning and end of the year were $50,000 and $70,000, respectively. 1)
Camden Hardwares credit sales for the year were $320,000. Accounts receivable at the beginning and end of the year were $50,000 and $70,000, respectively.
1) calcualte the accounts receivable turnover rate(round answer to 2 decimal places)
2) calculate the average collection period for the year(round to the nearestwhole #'s of days use 365 days a year
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