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Calculate NETGEARs Accounts Receivable Turnover and Days Sales in Receivables for the two most recent years. Note: Use net receivables in your calculations. Receivables, net on December 31, 2015 were $290,642,000. (You will need this to calculate Average Accounts Receivable for 2016.) Note: The denominator of this formula uses AVERAGE Accounts Receivable. Because this is a balance sheet account, you find the average by adding the end-of-year amount to the beginning-of-year amount, and dividing by 2. For any balance sheet account, the beginning-of-year amount is the same as the end-of-year amount from the previous year.For any balance sheet account, the beginning-of-year amount is the same as the end-of-year amount from the previous year. Hint: Remember, the first three items on an income statement for a manufacturing company or retailer are Sales Cost of Goods Sold = Gross Profit (even if the company uses different names for those accounts). Round each answer to one decimal place. Accounts Receivable Turnover: For the year ended Dec. 31, 2017 For the year ended Dec. 31, 2016 Days Sales in Receivables: For the year ended Dec. 31, 2017 For the year ended Dec. 31, 2016 How many days, on average in the year ended Dec. 31, 2017, did it take NETGEAR to collect from customers? days

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