The Following Information Is Available for Edmiston Company Instructions
Compute the Accounts Receivable Turnover and the Average Collection

question 90

Essay

The following information is available for Edmiston Company. $\begin{array}{lr}\text { Beginning accounts receivable } & \$ 70,000 \\\text { Ending accounts receivable } & 110,000 \\\text { Net sales } & 990,000\end{array}$ Instructions
Compute the accounts receivable turnover and the average collection period.

---

Definitions:

Forced Distribution

A performance management system where employee evaluations are distributed along a predetermined curve, often requiring managers to rank employees against each other.

Performance Appraisal Systems

Formal systems used within organizations to evaluate employee performance, providing feedback, documenting accomplishments, and identifying areas for improvement.

Performance Standards

Established criteria or benchmarks used to measure and evaluate the quality and effectiveness of work performance.

Competency Matrix

A list of the level of each competency required for each of a number of jobs.