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

Montalcino Company had net sales of $378,000. Montalcino had the following balances:

	January 1	December 31
Accounts receivable	$82,200	$57,800
Inventories	117,000	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. 3. Calculate the accounts receivable turnover in days. Round to one decimal place.