FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Select financial information from Beca Inc. is shown below:
Receivables
less allowance for doubtful accounts
Receivables, net
Credit sales
Receivables Turnover Ratio
2018
Average Collection Period
$425,795
45,485
380,310
5,154,400
2017
$371,727
32,469
339,258
Calculate the receivables turnover and the collection period for 2018. (Round answers to 1 decimal place, e.g. 12.3.)
4,833,400
times
days
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