Geisel, Inc. reported net sales revenue of $525,000 in 2015 and $625,000 in 2016. The companys average net receivables were $115,000 during 2014 and $120,000 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 $1,600. The company reported Bad Debt Expense of $8,150 during 2016.

Required:

a.

Determine the net receivables at December 31, 2016.

Calculate the receivables turnover ratio for 2015 and 2016. Calculate the days to collect for 2015 and 2016.