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The following data are taken from the financial statements of Oriole Company. 2022 2021 Accounts receivable (net), end of year $559,600 $ 585,000 Net sales
The following data are taken from the financial statements of Oriole Company. 2022 2021 Accounts receivable (net), end of year $559,600 $ 585,000 Net sales on account 4,788.000 4,161,000 Terms for all sales are 1/10,n/45 Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable was $486.500. (Round answers to 1 decimal place, eg. 12.5.) 2022 2021 Accounts receivable turnover times times Compute for each year the average collection period. (Round answers to 1 decimal place, eg. 12.5. Use 365 days for calculation.) 2022 2021 Average collection period days days
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