Last year, Dogwood Company had net sales of $9,130,000 and cost of goods sold of $4,812,000. Dogwood had the following balances:
|January 1||December 31|
Note: Round answers to one decimal place. Assume 365 days per year.
1. Calculate the average accounts receivable.
2. Calculate the accounts receivable turnover ratio.
3. Calculate the accounts receivable turnover in days.