Calculating the Average Accounts Receivable, the Accounts Receivable Turnover Ratio, and the Accounts Receivable Turnover in Days Last year, Laurel, Inc. had net sales of $9,191,000 and cost of goods sold of $4,812,000. Laurel had the following balances: January 1 $725,000 December 31 $775,000 Accounts receivable Inventory 450,000 425,000 Required: Note: Round answers to one decimal place. Assume 365 days per year. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. times 3. Calculate the accounts receivable turnover in days. days