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For the fiscal year ending December 31, previous year and the current year, Justin Co. has net sales of $1,000,000 and $2,000,000 : average net

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For the fiscal year ending December 31, previous year and the current year, Justin Co. has net sales of $1,000,000 and $2,000,000 : average net receivables of $100,000 and $300,000; and allowance for uncollectible accounts receivable of $30,000 and $50,000 respectively. If the accounts receivable turnover in days is calculated, which of the following best represents the conclusions drawn? Accounts receivable turnovers in day are 10.0 and 6.6 respectively. Examine allowance for possible overstatement of the allowance. Accounts receivable turnovers in days are 36.5 and 54.8 respectively. Examine allowance for possible understatement of the allowance, Accounts receivable turnovers in days are 14.3 and 8.0 respectively. Examine allowance for possible overstatement of the allowance. Accounts receivable turnovers in days are 14.3 and 8.0 respectively. Examine allowance for possible understatement of the allowance

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