At December Kingbird, Inc. reported this information on its balance sheet.
Accounts receivable
Less: Allowance for doubtful accounts
During the company had the following transactions related to receivables.
Sales on account
Sales returns and allowances
Collections of accounts receivable
Writeoffs of accounts receivable deemed uncollectible
Recovery of accounts previously written off as uncollectible
$
d
Your answer is incorrect.
Compute the accounts receivable turnover and average collection period, assuming the expected uncollectibles information
provided in cRound answers to decimal place, eg Use days for calculation.
Accounts receivable turnover
times
Average collection period
days
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List of Accounts
