The following data are taken from the financial statements of Bar Harbor Company: (a) Compute the accounts receivable turnover and the average collection period for both years. (b) What conclusion can an analyst draw about the management of the accounts receivable? (a) 2017 2016 Accounts receivable turnover Average collection period (b) The accounts receivable are turning faster in 2017 than they did in 2016. There is still a problem since the normal credit period is 30 days, and the average collection period for both years exceed this target Therefore, improvement in the management of the accounts receivable would appear to be desirable. (gift from VM)