The following data are taken from the financial statements of Colby Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 2020 $540,000 3,958,500 2019 $475,000 3,168,750 Your answer is partially correct. Try again. Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $500,000. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Acounts receivable turnover c Accounts receivable turnover l imes I 6.5 times 6.5 times times LINK TO TEXT x Your answer is incorrect. Try again. Compute for each year the average collection period. At the end of 2018, accounts receivable was $500,000. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Average collection period DIICULACILISE 2012 The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue Beginning inventory Purchases $6,450,000 915,000 4,328,250 1,040,000 $6,230,000 900,000 4,643,250 915,000 Ending inventory Your answer is partially correct. Try again. Compute for each year the inventory turnover. (Round answers to 1 decimal place, 2020 2019 Inventory turnover 4.3 times . times LINK TO TEXT Your answer is partially correct. Try again. Compute for each year the days in inventory. (Use 365 days for calculation. Round 2020 2019 Days in inventory - 85 days days