The following data are taken from the financial statements of Sandhill Co. 2017 2016 $...
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The following data are taken from the financial statements of Sandhill Co. 2017 2016 $ 612,000 Accounts receivable (net), end of year Net sales on account Terms for all sales are 10,n/45 556,400 4,737,000 3,985,000 Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $ 536,500. (Round answers to 1 decim 2017 2016 Accounts receivable turnover times times eTextbook and Media Compute for each year the average collection period. (Round answers to 1 decimal place.125. Use 365 days for calculation.) 2017 2016 Average collection period eTextbook and Media 3 5
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