Calculating the Average Accounts Receivable, the Accounts Receivable Turnover Ratio, and the Accounts Receivable Turnover in Days

Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following balances:

	January 1	December 31
Accounts receivable	$142,650,000	$172,350,000
Inventory	54,374,200	62,625,800

Note: Round answers to one decimal place. Assume 365 days per year.

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

2. Calculate the accounts receivable turnover ratio. fill in the blank

3. Calculate the accounts receivable turnover in days. fill in the blank days