4 Part 4 of 6 208 points Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6) [The following information applies to the questions displayed below] Markus Company's common stock sold for $2.00 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year's financial statements: eBook Print Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Ending Balance Beginning Balance $ 30,500 $ 46,000 $ 52,000 $49,300 $131,800 $ 45,000 $ 52,000 $ 353,000 $ 52,500 $ 98,000 $111,000 $ 143,000 $ 318,200 $ 37,500 $88,200 $255,000 $111,000 $230,000 Total liabilities and stockholders' equity $ 353,000 $318,200 References This Year Sales (all on account) $585,000 Cost of goods sold Gross margin Net operating Income Interest expense Net income $339,300 $245,700 $ 75,500 $4,500 $ 49,700 Foundational 14-9 (Algo) 9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) Accounts receivable turnover Average collection period days