Q.38Q.70

Waterway Company had net credit sales during the year of $1530000 and cost of goods sold of $760000. The balance in accounts receivable at the beginning of the year was $180000, and the end of the year it was $120000. What was the accounts receivable turnover? 10.20 5.07 8.50 12.75 Bramble Shop had a balance in the Accounts Receivable account of $757000 at the beginning of the year and a balance of $863000 at the end of the year. Net credit sales during the year amounted to $5913000. The average collection period of the receivables in terms of days was (Round intermediate calculation to 3 decimal places, e.g. 1.235 and final answer to 1 decimal places, e.g. 0.5.) 50.0 days. 3.7 days. 46.7 days. 47.6 days