1. The financial statements for Manning manufacturing company report net sales of $1,000,000, beginning accounts receivable of $75,000, and ending accounts receivable of $55,000. What is the average collection period for accounts receivable in days? 2. The following information is available for OJ Simpson's Glove Company at December 31, 2021: beginning inventory $90,000; ending inventory $110,000; - cost of goods sold $850,000; and sales $1,200,000. Simpson's inventory turnover in 2021 is