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The following data exists for Mother Company. 2017 2016 Accounts receivable $ 80.000 $ 70.000 Net Sales 500.000 410.000 Calculate the accounts receivable turnover and

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The following data exists for Mother Company. 2017 2016 Accounts receivable $ 80.000 $ 70.000 Net Sales 500.000 410.000 Calculate the accounts receivable turnover and the average collection period of accounts receivable in days for 2017. Accounts receivable turnover = Net sales + average A/R average collection period = 365 + A/R turnover

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