Computing the accounts receivable turnover

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Reference no: EM131828664

Question: In 2017, Bismark Company has net credit sales of $1,600,000 for the year. It had a beginning accounts receivable (net) balance of $108,000 and an ending accounts receivable (net) balance of $120,000. Compute Bismark Company's

(a) accounts receivable turnover and

(b) average collection period in days.

Reference no: EM131828664

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