(Accounts receivable turnover) The financial data for Michaels' Foods Inc. and Sunshine Enterprises Ltd. for the current year are as follows (amounts in thousands): Accounts Receivable Jan. 1 Annual Sales Accounts Receivable Dec. 31 Michaels' Foods $57,350 $6,060 $7,720 Sunshine Enterprises 30,830 1,920 1,950 Part 1 Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, e.g. 18.4.) Michaels' Foods Sunshine Enterprises Accounts receivable turnover times times Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, eg. 18.4.) Michaels' Foods Sunshine Enterprises days days Days to Collect