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Ariel Sauter owns and operates a Textile Import Firm which makes credit sales...

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Accounting

Ariel Sauter owns and operates a Textile Import Firm which makes credit sales to many government entities in the State of New Mexico. After experiencing long delays in payment during $2021,$ Ariel decided to offer discount terms for early payment in $2022 .$ Calculate the Accounts Receivable turnover rate and Average Collection Period for Ariel's company in $2021$ and $2022 .$ Did her decision to offer discounts for early payment improve her ratios.

$2021 2022$

Credit Sales $ $245, 000$ $ $310, 000$

A $/$ R Begin Bal $ $87.000$ $ $79, 000$

A $/$ R End Bal $ $79, 000$ $ $37, 000$

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