The following data exists for Crane Company. ...
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Accounting
The following data exists for Crane Company.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Accounts Receivable | $84,000 | $78,000 | |||
| Net Sales | 563,000 | 415,000 |
Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2022. (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.)
| Accounts receivable turnover | Enter the accounts receivable turnover in times | times | |
| Average collection period | Enter the average collection period in days | days |
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