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Camden Hardware's credit sales for the year were $570,000. Accounts recelvable at the beginning and end of the year were $50,000 and $70,000, respectlvely. a.
Camden Hardware's credit sales for the year were $570,000. Accounts recelvable at the beginning and end of the year were $50,000 and $70,000, respectlvely. a. Calculate the accounts recelvable turnover ratio. b. Calculate the average collection period for the year. Note: Round "Recelvables turnover ratio" answer to 2 decimal places and "Average collection period" answer to nearest whole number. Use 365 days a year
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