Net Sales (in millions) Ayala, Inc. Mendez, Inc. 2022 2021 2020 $7,400 $7,850 $7,960 14,650 13,200 12,850 Net Accounts Receivable (in millions) 1,200 1,450 1,160 4,320 4,640 4,450 Ayala, Inc. Mendez, Inc. a. Using the data above, compute the accounts receivable turnover and average collection period for each company for 2022 and 2021. Assume that there are 365 days in a year. Round your answers to two decimal places. Accounts receivable turnover Ayala, Inc.: 2022: 6.16 X times 2021: 5.41 X times Mendez, Inc.: 2022: 3.39 X times 2021: 2.84 x times Average collection period Ayala, Inc.: 2022: 59.25 X days 2021: 67.47 X days Mendez, Inc.: 2022: 107.67 X days