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What the accounts receivable turnover

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Modern Products, Inc. had accounts receivable of $320,000 in 2019, and $358,000 in 2020. Net sales for 2020 were $3,160,000, and gross profit was $1,600,000. The accounts receivable turnover for 2020 was what?

Modern Products, Inc. had accounts receivable of $240,000 in 2016, and $300,000 in 2017. Net sales for 2017 was $3,000,000, and gross profit margin was $1,200,000. The average collection period for 2017 was what?

Reference no: EM132037200

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