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Camden Hardware's credit sales for the year were $ 4 9 3 , 0 0 0 . Accounts receivable at the beginning and end of
Camden Hardware's credit sales for the year were $ Accounts receivable at the beginning and end of the year were $ and $ respectively.
a Calculate the accounts receivable turnover ratio.
b Calculate the average collection period for the year.
Note: Round "Receivables turnover ratio" answer to decimal places and "Average collection period" answer to nearest whole number. Use days a year.
tablea Receivables turnover ratio,,timesb Average collection period,,days
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