(Solution) - In 2017 Bismark Company has net credit sales of 1 600 000 -(2025 Original AI-Free Solution)

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In 2017, Bismark Company has net credit sales of $1,600,000 for the year. It had a beginning accounts receivable (net) balance of $108,000 and an ending accounts receivable (net) balance of $120,000. Compute Bismark Company's
(a) Accounts receivable turnover
(b) Average collection period in days.