Concord Company had net credit sales during the year of $1400000 and cost of goods sold of $770000. The balance in accounts receivable at the beginning of the year was $160000, and the end of the year it was $120000. What was the accounts receivable turnover? 8.8 5.5 11.7 10.0 Dn January 15, 2020, Crane Company received a two-month, 6\%, \$9400 note from Peter Long for the settlement of his open account. The entry by Crane Company on March 15, 2020 if Long dishonors the note and collection is expected is: The financial statements of Concord Manufacturing Company report net sales of $684000 and accounts receivable of $53000 and $99000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days? 52.8 28.3 81.2 40.6