Compute a2

Brief Exercise 18-11 a1-a2 (Part Level Submission) The following data are taken from the financial statements of Colby Company. 2019 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2020 $530,000 $515,000 3,971,000 3,136,250 (al) Your answer is correct Compute for each year the accounts receivable turnover. At the end of 2018, accounts recelvable was $450,000. (Round an 2019 2020 Accounts receivable turnover 7.6 6.5 times times