The following information is taken from the adjusted trial balance of the Studio Art Supply Company on 12/31/16:
Studio Art Supply offers all of its charge customers the credit terms,2/10,n/30.
Required: a)Compute the accounts receivable turnover.
b)Compute the average number of days to collect accounts receivable.Round your answer to a whole number for days.
c)Comment on the meaning of these ratios and specifically on how well this firm is managing its accounts receivable.

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The Answer of The following information is taken from the adjusted trial balance of the Studio Art Supply Company on 12/31/16:
Studio Art Supply offers all of its charge customers the credit terms,2/10,n/30.
Required: a)Compute the accounts receivable turnover.
b)Compute the average number of days to collect accounts receivable.Round your answer to a whole number for days.
c)Comment on the meaning of these ratios and specifically on how well this firm is managing its accounts receivable.

The Following Information Is Taken from the Adjusted Trial Balance