Business, 21.05.2021 17:40 johnwatson12

The following data are taken from the financial statements of Bar Harbor Company: 2017 2016
Average accounts receivable $530,000 $550,000
Net sales on account 5,800,000 5,200,000
Terms for all sales are 2/10, n/30
a) Compute the accounts receivable for both years.
b) Compute the average collection period for both years.

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The following data are taken from the financial statements of Bar Harbor Company: 2017 2016
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