The following data exists for Carley Company. $\begin{array}{lrr}&\underline{2016}&\underline{2015}\
\text { Accounts Receivable } & \$ 50,000 & \$ 70,000 \
\text { Net Sales } & 500,000 & 410,000
\end{array}$
Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2016.

Question

The following data exists for Carley Company. $\begin{array}{lrr}&\underline{2016}&\underline{2015}\
\text { Accounts Receivable } & \$ 50,000 & \$ 70,000 \
\text { Net Sales } & 500,000 & 410,000
\end{array}$
 Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2016.

Quizplus · Accepted Answer

The Answer of The following data exists for Carley Company. $\begin{array}{lrr}&\underline{2016}&\underline{2015}\
\text { Accounts Receivable } & \$ 50,000 & \$ 70,000 \
\text { Net Sales } & 500,000 & 410,000
\end{array}$
 Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2016.

The Following Data Exists for Carley Company Calculate the Accounts Receivable Turnover and the Average Collection Period