Gerrard Construction Co. is an excavation contractor. The following 2016, financial statements summarized data (in thousands) are taken from the December 31, For the Year Ended December 31, 2016: $30,400 Net revenues Cost of services provided 11,700 Depreciation expense Operating Income Interest expense 5,500 $13,200 3,200 Income tax expense 3,200 6,800 Net Income At December 31, 2016: Assets Cash and short-term Investments 3,300 Accounts recelvable, net 10,000 Property, plant, and equipment, net 79,400 $92,700 Total assets Liabilities and Stockholders' Equity Accounts payable Income taxes payable $ 1,400 1,300 Notes payable (long term) Pald-In capital Retained earnings 46,800 14.000 29.200 $92,700 Total llabilitles and stockholders' equity At December 31, 2015, total assets were $81,200 and total stockholders' equity was $37,300. There were no paid-in capital during 2016. changes in notes payable or c. Assume that the balance of "Accounts Receivable, net" at December 31, 2015, was $8,000. Calculate the following activity measures for Gerrard Construction Co. for the year ended December 31, 2016: 1. Calculate the Accounts receivable turnover. (Round your answer to 1 decimal place.) Accounts receivable turnover times 2. Calculate the number of days' sales in accounts receivable. (Use 365 days of the year. Do not round intermediate calculations. Round your answer to 1 decimal place.) Number of days' sale days