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PART B The following data exists for Tan Corporation. 2021 2020 Accounts Receivable $ 90,000 $ 80,000 Net Sales 620,000 520,000 Calculate the receivable turnover

PART B

The following data exists for Tan Corporation.

2021 2020

Accounts Receivable $ 90,000 $ 80,000

Net Sales 620,000 520,000

Calculate the receivable turnover ratio and the average collection period for accounts receivable in days for 2021.

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