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

Required:

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

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

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

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