calculate the average days collection ratio. Use 360 days a year! Do not round intermediate calculations round your answer to the nearest hundredth.

LOGIC COMPANY Comparative Income Statement For Years Ended December 31,2022 and 2023 Gross sales Sales returns and allowances Net sales Cost of merchandise (goods) sold Gross profit Operating expenses: Depreciation Selling and administrative Research Miscellaneous Total operating expenses Income before interest and taxes Interest expense Income before taxes Provision for toxes Net income \begin{tabular}{rr} \hline 2023 & \multicolumn{1}{r}{2022} \\ $19,000 & $15,000 \\ 1,000 & 100 \\ \hline$18,000 & $14,900 \\ 12,000 & 9,000 \\ \hline$6,000 & $5,900 \\ \hline & \\ \hline 700 & $600 \\ 2,200 & 2,000 \\ 550 & 500 \\ 360 & 300 \\ \hline$3,810 & $3,400 \\ \hline$2,190 & $2,500 \\ 560 & 500 \\ \hline$1,630 & $2,000 \\ 640 & $1,200 \\ \hline$990 & $1 \\ \hline \end{tabular} LOGIC COMPANY Comparative Balance Sheet December 31,2022 and 2023 Assets 2023 2822 Current assets: Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets Current 11abil1ties: Liabilities Accounts payable Salaries payable Total current 1labilities Long-term liabilities: Mortgage note payable Total ilabilities stockholders' Equity Common stock Retained carnings Tota1 stockholders' equity Total 1iobilities and stockholders' equity \begin{tabular}{rr} $13,000 & $7,000 \\ 7,000 & $,000 \\ \hline$20,000 & $12,000 \end{tabular} \begin{tabular}{rr} 22,000 & 20,500 \\ \hline$42,000 & $32,500 \\ \hline \end{tabular} \begin{tabular}{rr} $21,000 & $21,000 \\ 26,000 & 12,000 \\ \hline$47,000 & $33,000 \\ \hline$89,000 & $65,500 \\ \hline \end{tabular} Calculate the average day's collection ratio. Note: Use 360 days a yeor. Do not round intermediate calculations. Round your answers to the nearest hundredth