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Compute the accounts recievable turnover and average collection period for 2022. ...

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Accounting

Compute the accounts recievable turnover and average collection period for 2022.
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At December 31, 2021, Concord Co. reported the following information on its balance sheet. Accounts receivable $.959,700 Less: Allowance for doubtful accounts. 78,800 During 2022, the company had the following transactions related to receivables. Sales on account $3,715,300 2. Sales returns and allowances 49.700 3. Collections of accounts receivable 2,801,100 4. Write-offs of accounts receivable deemed uncollectible 89,800 5. Recovery of accounts previously written off as uncollectible 28,000 (d) X Your answer is incorrect Compute the accounts receivable turnover and average collection period for 2022. (Round accounts receivable turnover to 2 decimal places, e.g. 25.25 and average collection period to 1 decimal place, e.g. 25.2.) Accounts receivable turnover ratio 2.14 times Average collection period 170.6 days e Textbook and Media List of Accounts Save for later Attempts: 2 of 3 used Submit

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