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Calculate the receivables turnover and collection period. (Remember that this is the end of the first year of business.) (Round answers to 1 decimal place,

image text in transcribedimage text in transcribed Calculate the receivables turnover and collection period. (Remember that this is the end of the first year of business.) (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Receivables turnover times Collection period days At the end of 2023 , Blossom Co. has an allowance for doubtful accounts of $30,000. On January 31,2024 , when it has accounts receivable of $550,000, Blossom Co. learns that its $5,000 receivable from Tokarik Inc. is not collectible. Management authorizes a write-off

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