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yPLUS C ? ? Seare l https//edugenwileypi leyPLUSKimme, inancial Accounting, te Read, Study & Practice Gradebook ORION Downloadable eTextbook ment> Open Assignment GNMENT RESOURCES Do It! Review 8-4 In 2017, Blue Spruce Corp. has net credit sales of $1,725,900 for the year. It had a beginning a ded 09-1 ccounts receivab Compute Blue Spruce Corp's receivables turnover. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover times biective be Calculate Blue Spruce Corpis average collection period in davs. (Round answers to 1 decimal place, e.g. 12.s Average collection period in days days

Explanation / Answer

Ans: Average collection period 23 Days

Explanation:

($105800 + $116400 ) ÷ 2 = $111100

$1725900 ÷ 365 = 4728.49
111100 ÷ 4728.49 = 23 days

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