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value: 5.00 points Geisel, Inc. reported net sales revenue of $527,000 in 2015 and $616,000 in 2016. The company's average net receivables were $115,000 during
value: 5.00 points Geisel, Inc. reported net sales revenue of $527,000 in 2015 and $616,000 in 2016. The company's average net receivables were $115,000 during 2014 and $127,000 during 2015. At December 31, 2016, the company had Accounts Receivable of $157,000. and an unadjusted debit balance in its Allowance for Doubtful Accounts account of $1,100The company reported Bad Debt Expense of $8,630 during 2016. Required: a. Determine the net receivables at December 31, 2016. b. Calculate the receivables tunover ratio for 2015 and 2016. (Round your intermediate calculations and final answers to 1 decimal place. Use 365 days a year.) 2015 2016 Accounts Receivable Turnover Ratio c. Calculate the days to collect for 2015 and 2016. (Round your intermediato calculations and final answers to 1 decimal place. Use 365 days a year.) 2015 2016 Daysto Collect -ans- Check my work
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