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Question 14 (6 points) Alpha Company has the following account balances information for scal year 2015 6: 2016 (all balances are normal): Alpha (3 onipany

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Question 14 (6 points) Alpha Company has the following account balances information for scal year 2015 6: 2016 (all balances are normal): Alpha (3 onipany December 31 Accounts $40,000 $32,000 Accounts Receivable 52,000 50,000 Merchandise Inventory 25,000 20,000 Office Supplies 950,000 740,000 Credit Sales 25,000 20,000 Interest Income 460,000 385,000 Cost of Goods Sold 1. What is the FY 2016 accounts receivable turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times. (Example 1.123 would be entered 1.1 times} 2. What is the FY 2016 days outstanding for accounts receivable ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word days. (Example 1.123 would be entered 1.1 days)

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