Average Accounts Receivable, Accounts Receivable Turnover Ratio, Accounts Receivable Turnover in Days

Montalcino Company had net sales of $336,000. Montalcino had the following balances:

	January 1	December 31
Accounts receivable	$82,800	$57,200
Inventories	114,000	104,000

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