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The following data are taken from the financial statements: Current Year Preceding Year Average accounts receivable (net) Accounts receivable (net), end of year Sales on

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The following data are taken from the financial statements: Current Year Preceding Year Average accounts receivable (net) Accounts receivable (net), end of year Sales on account $123,000 129,012 950,000 $95,000 87,516 825,000 a. Assuming that credit terms on all sales are n/45, determine for each year (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round intermediate calculations to whole number and final answers to two decimal place 1. The accounts receivable turnover: Current Year preceding Year 2. The number of days sales in receivables: Assume a 365-day year. Current Year days Preceding Year days

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