In 2012, Grossfeld 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 accountsreceivable (net) balance of $120,000. Compute Grossfeld Company's (a) receivablesturnover and (b) average collection period in days.

a. 14.04; b. 26 days

Step-by-step explanation:

Net credit sales = $1,600,000

Beginning account receivable = $108,000.

Ending account receivable = $120,000

The Amaverage accounts receivables will be:

= ($108000 + $120000)/2

= $228000/2

= $114,000

Accounts Receivable turnover will then be calculated as:

= Net sales/Average accounts receivables

= $1600000/$114000

= 14.04

b) Average collection period will be calculated as:

= Number of days in a year/Accounts receivable turnover

= 365/14.04

= 25.997

= 26 days approximately

answer: 1722

step-by-step explanation:

given: the mass of saturn=

the mass of mercury=

the number of times the mass of saturn is greater than the mass of mercury

hence, the mass of saturn is 1722 times greater than the mass of mercury.

the answer is c.

step-by-step explanation: