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  1. business
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  3. ray corporation has provided the following financi

ray Corporation has provided the following financial data from its balance sheet Year 2 $112,000...

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Accounting

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ray Corporation has provided the following financial data from its balance sheet Year 2 $112,000 $174,000 Year 1 $110,000 $150,000 $1,236,000$1,250,000 Accounts receivable Inventory Total assets ales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000 1 Calculate the company's accounts receivable turnover for Year 2 2 Calculate the company's average collection period for Year 2. 3 If AR turnover was 12 for year 1, would the year 2 AR turnover you just calculated be considered an improvement or deterioration, why

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