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The following data are taken from the financial statements of Rainsberger Company. 2015 2014 Accounts receivable (net), end of year $554,000 $563,300 Net sales on

The following data are taken from the financial statements of Rainsberger Company.
2015 2014
Accounts receivable (net), end of year $554,000 $563,300
Net sales on account 4,022,600 3,063,000
Terms for all sales are 1/10, n/60.

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(a1) Compute for each year the accounts receivable turnover. At the end of 2013, accounts receivable (net) was $516,300. (Round answers to 1 decimal place, e.g. 1.6.)
2015 2014
Accounts receivable turnover times

times

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