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Camden Hardware's credit sales for the year were $ 4 4 5 , 5 0 0 . Accounts recelvable at the beginning and end of
Camden Hardware's credit sales for the year were $ Accounts recelvable at the beginning and end of the year were $ and $ respectively.
a Calculate the accounts recelvable turnover ratio.
b Calculate the average collection perlod for the year. Note: Round "Recelvables turnover ratlo" answer to declmal places and "Average collectlon perlod" answer to nearest Whole number. Use days a year.
tablea Receivables turnover ratio,,fimesb Average collection period,,days
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