The following information is available for Sumner Company. 
Instructions
Compute the receivables turnover ratio and the average collection period.
Definitions:
Genetic Basis
The underlying foundation in the genes that contributes to the development of specific traits or conditions.
Co-sleeping
The practice of parents and young children sleeping in close proximity to one another, often in the same bed.
Culturally Valued
Considered important or beneficial according to the norms and values of a specific culture or society.
Interpersonal Relationships
Connections and interactions between two or more people, which can include various types such as friendships, family bonds, and romantic partnerships.
Q6: On April 30, the bank reconciliation of
Q11: The term "receivables" refers to<br>A) amounts due
Q73: The custodian of the petty cash fund
Q100: The accounts receivable turnover ratio is computed
Q113: Indicate whether each of the following accounts
Q167: For each entry below make a correcting
Q199: Understating beginning inventory will understate<br>A) assets.<br>B) cost
Q208: In preparing its bank reconciliation for the
Q266: Accumulated Depletion<br>A) is used by all companies
Q278: All of the following factors in computing