Mei$-$kwei International$$s common stock sold for $$4\mathrm{.}30$ per share at the end of this year. The company paid preferred stock dividends totalling $$4,400$ and a common stock dividend of $$0\mathrm{.}81$ per share this year. It also provided the following data excerpts from this year$$s financial statements:

Ending

Balance Beginning Balance

Cash $ $41,000$ $ $36,200$

Accounts receivable $ $74,000$ $ $58,700$

Inventory $ $64,900$ $ $74,000$

Current assets $ $179,900$ $ $168,900$

Total assets $ $590,000$ $ $624,000$

Current liabilities $ $70,500$ $ $63,000$

Total liabilities $ $160,000$ $ $144,000$

Preferred stock $ $45,000$ $ $45,000$

Common stock, $$1$ par value $ $94,000$ $ $94,000$

Total stockholders$$ equity $ $430,000$ $ $480,000$

Total liabilities and stockholders$$ equity

$

$590,000$ $ $624,000$

This Year

Sales $($all on account$)$ $ $865,000$

Cost of goods sold $ $501,700$

Gross margin $ $363,300$

Net operating income $ $206,250$

Interest expense $ $11,000$

Net income $ $96,000$

Required:

What is the average collection period? $($Use $365$ days a year. Round your intermediate calculations and final answer to $2$ decimal places.$)$