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

Whalen Company had net sales of $5,525,255. Whalen had the following balances:

	January 1			December 31
Accounts receivable	$1,045,380			$1,210,440
Inventories	$495,000			$427,500

Required:

Assume 365 days per year.

1. Calculate the average accounts receivable. $fill in the blank 1

2. Calculate the accounts receivable turnover ratio. Round to two decimal places. fill in the blank 2 times

3. Calculate the accounts receivable turnover in days. Use final answer from #2 in the computation. Round final answer to two decimal places. fill in the blank 3 days