its Brief Exercise 7-7 (Algo) Accounts receivable turnover and average days to collect accounts receivable LO 7-7 The following information is available for Newport Company and Jasper Incorporated at December 31: Accounts Newport Company Jasper Incorporated Accounts receivable eBook Allowance for doubtful accounts Sales revenue $ 94,000 29,200 688,000 $ 119,000 31,200 965,000 Required: a. What is the accounts receivable turnover for each of the companies? Note: Round your answers to 1 decimal place. b. What is the average days to collect the receivables? Note: Use 365 days in a year. Do not round intermediate calculations. Round your answers to the nearest whole number. Accounts receivable turnover Average collection period Newport Company Jasper Incorporated times days times days