For the fiscal years 1 and 2, Grange Co. reported the following:
Year Ended December 31,
a. Compute the accounts receivable turnover for Year 2. Round to two decimals.
b. Compute the number of days' sales in receivable at the end of Year 2. Round to two decimals.

Question

For the fiscal years 1 and 2, Grange Co. reported the following:
Year Ended December 31,  
a. Compute the accounts receivable turnover for Year 2. Round to two decimals.
b. Compute the number of days' sales in receivable at the end of Year 2. Round to two decimals.

Quizplus · Accepted Answer

The Answer of For the fiscal years 1 and 2, Grange Co. reported the following:
Year Ended December 31,  
a. Compute the accounts receivable turnover for Year 2. Round to two decimals.
b. Compute the number of days' sales in receivable at the end of Year 2. Round to two decimals.

For the Fiscal Years 1 and 2, Grange Co