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Name: ID: A The following data are taken from the financial statements: 4. Current Year $123,000 129,012 950,000 Preceding Year $ 95,000 87,516 825,000 Average

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Name: ID: A The following data are taken from the financial statements: 4. Current Year $123,000 129,012 950,000 Preceding Year $ 95,000 87,516 825,000 Average accounts receivable (net) Accounts receivable (net), end of year Net sales on account Determine for the current year(1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round intermediate calculation to whole number and final answer to two decimal place (a)

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