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

Question

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

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

For the Fiscal Years 1 and 2, Grange Co