Average Accounts Receivable, Accounts Receivable Turnover Ratio, Accounts Receivable Turnover Whalen Company had net sales of...

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Average Accounts Receivable, Accounts Receivable Turnover Ratio, Accounts Receivable Turnover Whalen Company had net sales of $5,525,255. Whalen had the following balances: Accounts receivable Inventories January 1 $935,340 $427,500 Required: Assume 365 days per year. 1. Calculate the average accounts receivable. December 31 $1,100,400 $450,000 2. Calculate the accounts receivable turnover ratio. Round to two decimal places. times, 3. Calculate the accounts receivable turnover in days. Use final answer from #2 in the computation. days Average Accounts Receivable, Accounts Receivable Turnover Ratio, Accounts Receivable Turnover Whalen Company had net sales of $5,525,255. Whalen had the following balances: Accounts receivable Inventories January 1 $935,340 $427,500 Required: Assume 365 days per year. 1. Calculate the average accounts receivable. December 31 $1,100,400 $450,000 2. Calculate the accounts receivable turnover ratio. Round to two decimal places. times, 3. Calculate the accounts receivable turnover in days. Use final answer from #2 in the computation. days