?

Hello, i'm in need of some assistance

accounts receivable of $100,000 on January 1, 2012.

The only transactions that affected accounts receivable during 2012 were net credit sales of $1,000,000, cash collections of $900,000,

and accounts written off of $30,000.

I cannot figure out the turnover ratio

or the average collection period

Thanks!!

Selected account balances for Matisyahu Company at January 1, 2012, are presented below.

Accounts Payable $14,000

Accounts Receivable 22,000

Cash 17,000

Inventory 13,500

Matisyahu's sales journal for January shows a total of $100,000 in the selling price column, and its one-column purchases journal for January shows a total of $72,000.

The column totals in Matisyahu's cash receipts journal are: Cash Dr. $61,000; Sales Discounts Dr. $1,100; Accounts Receivable Cr. $45,000; Sales Cr. $6,000; and Other Accounts Cr. $11,100.

The column totals in Matisyahu's cash payments journal for January are: Cash Cr. $55,000; Inventory Cr. $1,000; Accounts Payable Dr. $46,000; and Other Accounts Dr. $10,000. Matisyahu's total cost of goods sold for January is $63,600.

Accounts Payable, Accounts Receivable, Cash, Inventory, and Sales are not involved in the "Other Accounts" column in either the cash receipts or cash payments journal, and are not involved in any general journal entries.

Find the

a)Accounts Payable

B)Accounts Receivable

C)cash

d)inventory

e)sales

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