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Geisel, Inc. reported net sales revenue of $515,000 in 2015 and $625,000 in 2016. The company's average net receivables were $129,000 during 2014 and $139,000

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Geisel, Inc. reported net sales revenue of $515,000 in 2015 and $625,000 in 2016. The company's average net receivables were $129,000 during 2014 and $139,000 during 2015. At December 31, 2016, the company had Accounts Receivable of $161,000. and an unadjusted debit balance in its Allowance for Doubtful Accounts account of $1, 100. The company reported Bad Debt Expense of $8, 680 during 2016. Required: Determine the net receivables at December 31, 2016. Net receivables 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.) 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.)

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