Trend Industries Company reported the following amounts on its 2001 and 2002 financial statements.

1. Compute the accounts receivable turnover for 2002.
2. What is the average collection period during 2002? (Use 365 days.)

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Accounts receivable. Allowance for bad debts Net sales Cost of sales. 2002 $ 235,000 12,000 1,430,000 1,067,000 2001 $ 210,000 8,000 1,260,000 856,000