Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following data exists for crane company.

The following data exists for Crane Company. ...

70.2K

Verified Solution

Question

Accounting

The following data exists for Crane Company.

2022 2021

Accounts Receivable

 $84,000 $78,000

Net Sales

 563,000 415,000

Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2022. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)

Accounts receivable turnover Enter the accounts receivable turnover in times

times
Average collection period Enter the average collection period in days

days

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Problem 4-17 Present Value for Various Compounding Periods Find the present value of $600 due in the...

Finance
Q

Which of the following is considered an on-the-page question?A. If Isaac could go anywhere, where...

Biology
Q

5 The diagram shows a cell membrane C I A Letter G and F point...

Biology
Q

According to a study done by De Anza students, the height for Asian adult males...

Basic Math
Q

Find the polynomial of degree 4 whose graph goes through the points 2 49 1...

Algebra
Q

Analyze the following graph of a system of two equations Identify the coordinates of the...

Algebra
Q

During November 2020, Tiger Company, performs consulting services. The...

Accounting
Q

This year Evan graduated from college and took a job as a deliveryman in the...

Accounting
Q

Cash had a beginning balance of $68,900. During the month, Cash was credited for $20,600...

Accounting
Q

The Credit Counselling and Debt Management Agency (AKPK) is concerned about the increase in the...

Accounting
Q

Norway 2001-2006 Use geometric instead of arithmetic averages, and use exact instead of approximate method....

Accounting
Q

please ans all parts 20. Consider a time-series variable Y. a)...

Finance