brief exercise 18 11

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Brief Exercise 18 11 (Part Level Submission)

The following data are taken from the financial statements of Rainsberger Company.

   
2015
 
2014
Accounts receivable (net), end of year   $550,000   $520,000
Net sales on account   3,960,000   3,100,000
Terms for all sales are 1/10, n/60.        
 

 
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(a1)

Incorrect answer. Your answer is incorrect.  Try again.
   
Compute for each year the accounts receivable turnover. At the end of 2013, accounts receivable (net) was $480,000. 
(Round answers to 1 decimal place, e.g. 1.6.)

   
2015
 
2014
Accounts receivable turnover  
Entry field with incorrect answer now contains modified data[removed] times
 
Entry field with incorrect answer now contains modified data[removed] times
 

 

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The 7.9 and 7.5 are my incorrect answers I need the correct answers please
 
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