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Geisel, Inc. reported net sales revenue of $512,000 in 2015 and $628,000 in 2016. The companys average net receivables were $118,000 during 2014 and $138,000

Geisel, Inc. reported net sales revenue of $512,000 in 2015 and $628,000 in 2016. The companys average net receivables were $118,000 during 2014 and $138,000 during 2015. At December 31, 2016, the company had Accounts Receivable of $147,000. and an unadjusted debit balance in its Allowance for Doubtful Accounts account of $1,900. The company reported Bad Debt Expense of $11,600 during 2016.

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Required a. Determine the net receivables at December 31, 2016. Net receivables b. Calculate the receivables turnover ratio for 2015 and 2016. (Round your intermediate calculations and final answers to 1 decimal place. Use 365 days a year.) 2015 2016 Accounts Receivable Turnover Ratio c. Calculate the days to collect for 2015 and 2016. (Round your intermediate calculations and final answers to 1 decimal place. Use 365 days a year.) 2015 2016 Days to Collect

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