Essence of Skunk Fragrances, Ltd., sells 7,500 units of its perfume collection each year at a price per unit of $750. All sales are on credit with terms of 2.5/15, net 90. The discount is taken by 60 percent of the customers.

Calculate the average collection period. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Average collection period

days

What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Receivables turnover

times

What is the amount of the companys average receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Average receivables

$