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Geisel, Inc. reported net sales revenue of $529,000 in 2015 and $624,000 in 2016. The company's average net receivables were $111,000 during 2014 and $122,000

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Geisel, Inc. reported net sales revenue of $529,000 in 2015 and $624,000 in 2016. The company's average net receivables were $111,000 during 2014 and $122,000 during 2015. At December 31, 2016, the company had Accounts Receivable of $156,000. and an unadjusted debit balance in its Allowance for Doubtfu Accounts account of $1,100. The company reported Bad Debt Expense of $8,660 during 2016. 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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