At December 31, 2016, Kingbird, Inc. Imports reported this information on its balance sheet.

Accounts receivable		$630,100
Less: Allowance for doubtful accounts		36,160

During 2017, the company had the following transactions related to receivables.

NEED HELP ON THE TURNOVER

1.		Sales on account		$2,988,600
2.		Sales returns and allowances		76,392
3.		Collections of accounts receivable		2,505,300
4.		Write-offs of accounts receivable deemed uncollectible		44,220
5.		Recovery of bad debts previously written off as uncollectible		14,700

Account Titles and Explanation Debit Credit Bad Debt Expense 86648 Allowance for Doubtful Accounts 86648 dy SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TEXT Your answer is incorrect. Try again. Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.4.) Accounts receivable turnover 3 times : Your answer is incorrect. Try again. Compute the average collection period. (Round answer to 1 decimal place, e.g. 12.4.) Average collection period 123.7 days