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In 2022, Blossom Company has net credit sales of $1,727,000 for the year. It had a beginning accounts receivable (net) balance of $102,000 and an
In 2022, Blossom Company has net credit sales of $1,727,000 for the year. It had a beginning accounts receivable (net) balance of $102,000 and an ending accounts receivable (net) balance of $118,000.
Compute Blossom Companys accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.)
Calculate Blossom Companys average collection period in days. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)
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