Based on the following data and using a 365-day year,compute (a)the accounts receivable turnover and (b)the number of days' sales in receivables.The industry average is a collection period of once every 20 days,and the number of days' sales in receivables averages 25.(c)Comment on this situation.

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The Answer of Based on the following data and using a 365-day year,compute (a)the accounts receivable turnover and (b)the number of days' sales in receivables.The industry average is a collection period of once every 20 days,and the number of days' sales in receivables averages 25.(c)Comment on this situation.

Based on the Following Data and Using a 365-Day Year,compute