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The following information is available for Edmiston Company. Beginning accounts receivable $70,000 Ending accounts receivable 110,000 Net sales 990,000\begin{array}{lr}\text { Beginning accounts receivable } & \$ 70,000 \\\text { Ending accounts receivable } & 110,000 \\\text { Net sales } & 990,000\end{array} Beginning accounts receivable Ending accounts receivable Net sales $70,000110,000990,000 Instructions
Compute the accounts receivable turnover and the average collection period.
On Jul 13, 2024