Mulberry company reports for the years ended, Financial Accounting

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Mulberry company reports for the years ended

Mulberry Company reports the following information for the years ended December 31, 20X3 and 20X4:

	20X4	20X3
Sales	$980,000	$820,000
Accounts Receivable	75,000	65,000

Sales consisted of 80% credit sales and 20% cash sales during 20X3 and 20X4.
From the information given above for Mulberry Company, determine the:

a. accounts receivable turnover for 20X4

b. days to collect accounts receivable for 20X4

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Financial Accounting: Mulberry company reports for the years ended

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Financial Accounting: Mulberry company reports for the years ended

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