K Corp provides the following information:

Net credit sales: $550,000

Beginning net accounts receivable: $45,000

Ending net accounts receivable: $29,000

1. Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.)

2. Calculate the days' sales in receivables. (Round your answer to the nearest whole number.)

3. K Corp offers financing with terms n/30. Evaluate their performance in collecting receivables based on the ratios computed in parts 1 and 2.