The following information is available for Crane Company. Beginning accounts receivable Ending accounts receivable Net sales $72,800 114,400 Accounts receivable turnover 1,216,800 Compute the accounts receivable turnover and the average collection period. (Round average collection period to 1 decimal places, eg. 15.2. Use 365 days for calculation.) times days

The following information is available for Crane Company. Beginning accounts receivable Ending accounts receivable Net sales $72,800 114,400 Accounts receivable turnover 1,216,800 Compute the accounts receivable turnover and the average collection period. (Round average collection period to 1 decimal places, eg. 15.2. Use 365 days for calculation.) times days

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Description: The following information is available for Crane Company.Beginning accounts receivableEnding accounts receivableNet salesCompute the accounts receivable turnover and the average collection period. (Round average collection period to 1 decimal places

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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