I need help to determine the following;

3. For P & B Manufacturing to asses their asset management I need help to calculate the average collection period (assuming all sales are on account) AND the average sale period (use 365 days in a year). Include calculations and round answers to 2 decimal places.

P \& B Manufacturing also provided the following information: 1 The company sold equipment that had an original cost of $15 million and accumulated depreciation of $9 million. The cash proceeds from the sale were $11 million. The gain on the sale was $4 million. 2 The company did not issue any new bonds during the year 3 The company paid a cash dividend during the year 4 The company did not complete any common stock transactions during the year 3a 3b \begin{tabular}{|l|l|} \hline ToassessassetmanagementcalculateAveragecollectionperiodandAveragesaleperiod.Assume365daysinayear.Roundyouranswersto2decimalplaces \\ \hline Calculate Average collection period - assume all sales are on account & \\ \hline Calculate Average sale period - use 365 days in a year. \\ \hline \end{tabular}