the following data exists for Carley Company. 2018 2017 Accounts Receivable $50,000 $70,000 Net Sales 500,000 410,000
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Question:
the following data exists for Carley Company.
| 2018 | 2017 | ||||
| Accounts Receivable | $50,000 | $70,000 | |||
| Net Sales | 500,000 | 410,000 |
Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2018. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 15.2.)
| Accounts receivable turnover | times | ||
| Average collection period | days |
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