ractice Assignment Gradebook ORION Downloadable eTextbook Anment Question 40 The following data are taken from the financial statements of Rainsberger Company 2018 2017 Accounts receivable (net), end of year $570,000 $495,000 Net sales on account 3,950,000 3,050,000 Terms for all sales are 1/10, 1/60 Compute for each year the accounts receivable turnover. At the end of 2016, accounts receivable (net) was $190,000. (Round answers to 1 decimal place, e.g. 1.6.) 2018 Accounts receivable turnover times Compute for each year the average collection period. At the end of 2016, accounts receivable (net) was $490,000 (Use 365 days for calculation. Round answers to 1 de Average collection period Questid