Berman Company reported the following financial information: $\begin{array}{lrr}&12 / 31 / 14&12 / 31 / 13\
\text { Accounts receivable } & \$ 320,000 & \$ 360,000 \
\text { Net credit sales } & 2,100,000 & 2,420,000
\end{array}$ Compute (a) the accounts receivable turnover and (b) the average collection period for 2014.

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The Answer of Berman Company reported the following financial information: $\begin{array}{lrr}&12 / 31 / 14&12 / 31 / 13\
\text { Accounts receivable } & \$ 320,000 & \$ 360,000 \
\text { Net credit sales } & 2,100,000 & 2,420,000
\end{array}$ Compute (a) the accounts receivable turnover and (b) the average collection period for 2014.

Berman Company Reported the Following Financial Information Compute (A) the Accounts Receivable Turnover and (B) the Average