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Hun PART IV: RATIO ANALYSIS (Accounts Receivable Turnover, Average Collection Period, and Asset Turnover) (6 points) A. The following data exists for Carley Company. Beginning

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Hun PART IV: RATIO ANALYSIS (Accounts Receivable Turnover, Average Collection Period, and Asset Turnover) (6 points) A. The following data exists for Carley Company. Beginning accounts receivable$ 70,000 Ending accounts receivable 50,000 Net sales 500,000 Compute the accounts receivable turnover and the average collection period. (4 points) B. Compute the asset turnover based on the following (2 points) Beginning total assets $ 800,000 Ending total assets 1.200.000 Net sales 2,500,000

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