The following data are taken from the financial statements of Waterway Company. 2022 2021 Accounts receivable (net), end of year $550,000 $495,000 Net sales on account 3,918,750 3,007,000 Terms for all sales are 1/10, n/45 (a1) * Your answer is incorrect. Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable (net) was $475,000. (Round answers to 1 decimal place, e.g. 1.6.) Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable (net) was $475,000. (Round answers to 1 decimal place, e.g. 1.6.) Accounts receivable turnover (a2) eTextbook and Media Save for Later 2022 2021 8 times 6 times Attempts: 1 of 3 used Submit Answer (a2) Compute for each year the average collection period. At the end of 2020, accounts receivable (net) was $475,000. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) Average collection period eTextbook and Media Save for Later 2022 days 2021 days Attempts: 0 of 3 used Submit Answer Selected data for Sandra's Store appear below. 2020 2019 Net sales $816,000 $515,000 Cost of goods sold 652,800 326,000 Inventory at end of year 77,700 85,500 Accounts receivable at end of year 158,000 114,000 h (b) Compute the inventory turnover for 2020. Inventory turnover eTextbook and Media Save for Later times Attempts: 0 of 3 used Submit