Crane Bramble Sales $24,200 $15,900 Allowance for doubtful accounts, Jan. 1 72.0 117 Allowance for doubtful accounts, Dec. 31 86.0 113 Accounts receivable balance (gross), Jan. 1 2,500.0 2,100 Accounts receivable balance (gross), Dec. 31 2,900,0 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation) Crane Bramble Accounts receivable turnover times times Average collection period days days
Crane Bramble Sales $24,200 $15,900 Allowance for doubtful accounts, Jan. 1 72.0 117 Allowance for doubtful accounts, Dec. 31 86.0 113 Accounts receivable balance (gross), Jan. 1 2,500.0 2,100 Accounts receivable balance (gross), Dec. 31 2,900,0 1,400 Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation) Crane Bramble Accounts receivable turnover times times Average collection period days days
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9E
Related questions
Question
![Crane
Bramble
Sales
$24,200
$15,900
Allowance for doubtful accounts, Jan. 1
72.0
117
Allowance for doubtful accounts, Dec. 31
86.0
113
Accounts receivable balance (gross), Jan. 1
2,500.0
2,100
Accounts receivable balance (gross), Dec. 31
2,900.0
1,400
Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g.
15.2. Use 365 days for calculation.)
Crane
Bramble
Accounts receivable turnover
times
times
Average collection period
days
days](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07cc42e1-acf5-4724-ac25-d839252bfd14%2F10e1c81b-b53a-4305-bacf-cf109d4d8d97%2Fchprb5q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Crane
Bramble
Sales
$24,200
$15,900
Allowance for doubtful accounts, Jan. 1
72.0
117
Allowance for doubtful accounts, Dec. 31
86.0
113
Accounts receivable balance (gross), Jan. 1
2,500.0
2,100
Accounts receivable balance (gross), Dec. 31
2,900.0
1,400
Calculate the accounts receivable turnover and average collection period for both companies. (Round answers to 1 decimal place, e.g.
15.2. Use 365 days for calculation.)
Crane
Bramble
Accounts receivable turnover
times
times
Average collection period
days
days
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