Compute for each year the average collection period

Reference no: EM131837485

Question: The following data are taken from the financial statements of Colby Company

Compute for each year

(a) the accounts receivable turnover and

(b) the average collection period.

What conclusions about the management of accounts receivable can be drawn from these data? At the end of 2015, accounts receivable was $520,000.

Reference no: EM131837485

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