The rollowing data are taken Trom the rinancial statements or Rainsberger Company 2018 $500,000 $515,000...
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The rollowing data are taken Trom the rinancial statements or Rainsberger Company 2018 $500,000 $515,000 4,100,000 3,010,000 2017 Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/60. "(a1) Your answer is partially correct. Try again. ceivable (net) was $ (Round answers to 1 decimal place, e.g. 1.6.) 2018 2017 times 15.844 Accounts receivable turnover 8.08 times Attempts: 3 of 3 used (a2) Compute for each year the average collection period. At the end of 2016, accounts receivable (net) was $455,000. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2018 2017 Average collection period days days
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