PART B

Lashkova Company had accounts receivable of $175,600 on January 1, 2014. The only transactions that affected accounts receivable during 2014 were net credit sales of $1,407,000, cash collections of $1,325,400, and accounts written off of $37,200. (a) Your answer is correct. Compute the ending balance of accounts receivable. Ending balance of accounts receivable 220000 Click if you would like to show work for this question Open Show Work SHow LIST OF ACCOUNTs SHow SOLUTION SHow ANSwER LINK TO TEXT Attempts: 1 of 3 used (b) Compute the accounts receivable turnover ratio for 2014. (Round answer to 2 decimal places, e.g. 2.50.) Accounts receivable turnover ratio Click if you would like to Show Work for this question Open Show Work