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The financial data for Wildhorse Foods Inc. and Blossom Enterprises Ltd. for the current year are as follows (amounts in thousands): Accounts Accounts Annual
The financial data for Wildhorse Foods Inc. and Blossom Enterprises Ltd. for the current year are as follows (amounts in thousands): Accounts Accounts Annual Sales Receivable Jan. 1 Receivable Dec. 31 Wildhorse Foods Blossom Enterprises $60,610 29.050 $6,640 1,900 $8,720 2.130 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place es 18.4) Wildhorse Foods Blossom Enterprises Accounts receivable turnover 29 times 144 times Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place.es 18.4) Wildhorse Foods Blossom Enterprises Days to collect days days
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