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During 2020, Jesse Jericho Enterprises Corporation recorded credit sales of $786,000. At the beginning of the year, Accounts Recelvable, Net of Allowance was $93,500. At

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During 2020, Jesse Jericho Enterprises Corporation recorded credit sales of $786,000. At the beginning of the year, Accounts Recelvable, Net of Allowance was $93,500. At the end of the year, after the Bad Debt Expense adjustment was recorded but before any bad debts had been written off, Accounts Receivable, Net of Allowance was $70,000 Required: 1. Assume that on December 31,2020 , accounts receivable totalling $10,000 for the year were determined to be uncollectible and written off. What was the receivables turnover ratio for 2020 ? (Round your answer to 1 decimal place.) 2. Assume instead that on December 31,2020,$11,000 of accounts receivable was determined to be uncollectible and written off. What was the recelvables turnover ratio for 2020 ? (Round your answer to 1 decimal place.)

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