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The following data are taken from the financial statements of Wildhorse Co. 2017 2016 Accounts receivable (net), end of year $588,600 $565,000 Net sales on

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The following data are taken from the financial statements of Wildhorse Co. 2017 2016 Accounts receivable (net), end of year $588,600 $565,000 Net sales on account 4,862,000 4,148,000 Terms for all sales are 1/10,n/45 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $530,000. (Round answers to 1 decimal place, es, 12.5.) 2017 2016 Accounts receivable turnover times times Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) 2017 2016 Average collection period days days

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