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undefined Brief Exercise 13-11 a1-a2 The following data are taken from the financial statements of Crane Company. 2020 2019 $ 540,000 Accounts receivable (net), end
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Brief Exercise 13-11 a1-a2 The following data are taken from the financial statements of Crane Company. 2020 2019 $ 540,000 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 $ 539,000 4,477,850 3,604,000 Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $520,000. (Round answers to 1 decimal place, e.g. 12.5.) 2020 2019 Accounts receivable turnover times times LINK TO TEXT Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) 2020 2019 Average collection period days daysStep by Step Solution
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