Average Accounts Receivable, Accounts Receivable Turnover Ratio, Accounts Receivable Turnover in Days Montalcino Company had net sales of $392,000. Montalcino had the following balances: January 1 December 31 Accounts receivable $82,700 $77,300 Inventories 116,000 107,000 Required: Assume 365 days per year.

1. Calculate the average accounts receivable. $

2. Calculate the accounts receivable turnover ratio. Round to one decimal place. times

3. Calculate the accounts receivable turnover in days. Round to one decimal place. days