LOGIC COMPANY
	Comparative Income Statement
	For Years Ended December 31, 2017 and 2018
		2018			2017
	Gross sales	$	22,600		$	17,700
	Sales returns and allowances		1,000			100
	Net sales	$	21,600		$	17,600
	Cost of merchandise (goods) sold		11,100			7,800
	Gross profit	$	10,500		$	9,800
	Operating expenses:
	Depreciation	$	1,060		$	780
	Selling and administrative		4,900			3,800
	Research		910			680
	Miscellaneous		720			480
	Total operating expenses	$	7,590		$	5,740
	Income before interest and taxes	$	2,910		$	4,060
	Interest expense		920			680
	Income before taxes	$	1,990		$	3,380
	Provision for taxes		796			1,352
	Net income	$	1,194		$	2,028

	LOGIC COMPANY
	Comparative Balance Sheet
	December 31, 2017 and 2018
		2018			2017
	Assets
	Current assets:
	Cash	$	11,700		$	8,900
	Accounts receivable		16,200			12,200
	Merchandise inventory		8,200			13,700
	Prepaid expenses		23,700			9,700
	Total current assets	$	59,800		$	44,500
	Plant and equipment:
	Building (net)	$	14,200		$	10,700
	Land		13,200			8,700
	Total plant and equipment	$	27,400		$	19,400
	Total assets	$	87,200		$	63,900
	Liabilities
	Current liabilities:
	Accounts payable	$	12,700		$	7,000
	Salaries payable		6,800			4,700
	Total current liabilities	$	19,500		$	11,700
	Long-term liabilities:
	Mortgage note payable		21,700			20,200
	Total liabilities	$	41,200		$	31,900
	Stockholders Equity
	Common stock	$	20,700		$	20,800
	Retained earnings		25,300			11,200
	Total stockholders equity	$	46,000		$	32,000
	Total liabilities and stockholders equity	$	87,200		$	63,900

Calculate the average days collection. (Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest hundredth.)

2017:

2018: