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In 2020, Pharoah Company has net credit sales of $2,128,000 for the year. It had a beginning accounts receivable (net) balance of $109,000 and an
In 2020, Pharoah Company has net credit sales of $2,128,000 for the year. It had a beginning accounts receivable (net) balance of $109,000 and an ending accounts receivable (net) balance of $ 115,000. Compute Pharoah Company's accounts receivable turnover. (Round answer to 1 decimal place, e.g. 2.5.) Accounts receivable turnover times Compute Pharoah Company's average collection period in days. (Round answer to 1 decimal place, e.g. 2.5. Use 365 days for calculations.) Average collection period days
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