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

Whalen Company had net sales of $6,175,285. Whalen had the following balances:

	January 1			December 31
Accounts receivable	$990,360			$1,265,460
Inventories	$517,500			$495,000

Required:

Assume 365 days per year.

1. Calculate the average accounts receivable.

2. Calculate the accounts receivable turnover ratio. Round to two decimal places.

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