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Suppose smith corp's accounts receivable net balance is $5000 on 12/31/2014 and $7000 on 12/31/2015. During 2014, net sales is 15,000. During 2015, net sales
Suppose smith corp's accounts receivable net balance is $5000 on 12/31/2014 and $7000 on 12/31/2015. During 2014, net sales is 15,000. During 2015, net sales is $10,000. What is accounts receivable turnover and average collection period for 2015?
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