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

Calista Company had net sales of $432,000. Calista had the following balances:

	January 1	December 31
Accounts receivable	$ 82,500	$ 97,500
Inventories	113,000	103,000

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