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The following information is available for Blossom Products: 2014 2013 Accounts receivable $74,400 $91,760 Cost of goods sold 639,840 719,200 Inventory (ending) 64,480 84,320 Net
The following information is available for Blossom Products: 2014 2013 Accounts receivable $74,400 $91,760 Cost of goods sold 639,840 719,200 Inventory (ending) 64,480 84,320 Net cash provided by operating activities 272,800 210,800 Net sales 1,096,656 1,165,600 Capital expenditures 49,600 47,120 Dividends 30,132 39.680 Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Accounts receivable turnover Average collection period days times
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