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The following data are taken from the financial statements of Cullumber Company Accounts receivable (net). end of year Net sales on account Terms for all

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The following data are taken from the financial statements of Cullumber Company Accounts receivable (net). end of year Net sales on account Terms for all sales are 1/10, 1/45 2022 $ 564,600 4.898.000 2021 $ 564,500 4,018,000 (a) * Your answer is incorrect. Compute for each year the accounts receivable turnover. At the end of 2020. accounts receivable was $516,500. (Round answers to 1 decimal place, eg. 12.5.) 2022 2021 Accounts receivable turnover 7.4 times 8.7 times eTextbook and Media Save for Later Attempts: 1 of 3 used Submit

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