The following information is available for Crane Company. Beginning accounts receivable Ending accounts receivable Net sales $72,800 114,400 Accounts receivable turnover 1,216,800 Compute the accounts receivable turnover and the average collection period. (Round average collection period to 1 decimal places, eg. 15.2. Use 365 days for calculation.) times days

The following information is available for Crane Company. Beginning accounts receivable Ending accounts receivable Net sales $72,800 114,400 Accounts receivable turnover 1,216,800 Compute the accounts receivable turnover and the average collection period. (Round average collection period to 1 decimal places, eg. 15.2. Use 365 days for calculation.) times days

Name: The following information is available for Crane Company.Beginning ac
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Description: The following information is available for Crane Company.Beginning accounts receivableEnding accounts receivableNet salesCompute the accounts receivable turnover and the average collection period. (Round average collection period to 1 decimal places

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 9E

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