Question $8$ of $8$

$\frac{0\mathrm{.}7}{1}$

Knowledge Check

Acme Supply had net credit sales of $$718,935$ during $2025.$ Its beginning net accounts receivable balance was $$24,500$ and its ending balance was $$25,600.$ Calculate accounts receivable turnover and the average collection period. $($Use $365$ days for calculation. Round answers to $1$ decimal place, eg$.527\mathrm{.}5.)$

Accounts Receivable Turnover

Net Credit Sales

Average Accounts Receivable times

Average Collection Period

$\frac{365\text{d}\text{a}\text{y}\text{s}}{\text{A}\text{c}\text{c}\text{o}\text{u}\text{n}\text{t}\text{s}\text{R}\text{e}\text{c}\text{e}\text{i}\text{v}\text{a}\text{b}\text{l}\text{e}\text{T}\text{u}\text{r}\text{n}\text{o}\text{v}\text{e}\text{r}}$ days

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