1. following information is taken from the annual report of B&B:

(in thousands)	Year 2	Year 1
Net sales	$200,000	$145,200
Accounts receivable, net	20,000	16,400

How much is the accounts receivable turnover ratio for Year 2?

1. 8.0
2. 13.1
3. 11.8
4. 10.0

2. The following information is taken from the annual report of B&B:

(in thousands)	Year 2	Year 1
Net sales	$160,000	$105,200
Accounts receivable, net	20,000	15,000

What is the receivable collection period for Year 2?

1. 46 days
2. 12 days
3. 8. days
4. 50 days