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Thank you!! Please respond part A) and B) The following data are taken from the financial statements of Lily Company. 2022 2021 Accounts receivable (net),

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Thank you!!

Please respond part A) and B)

The following data are taken from the financial statements of Lily Company. 2022 2021 Accounts receivable (net), end of year $525,000 $540,000 Net sales on account 3,940,500 3,184,000 Terms for all sales are 1/10, n/45 (a1) Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable (net) was $455,000. (Round answers to 1 decimal place, e.g. 1.6.) 2022 2021 Accounts receivable turnover times times Average collection period days days

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