o 5 of 10 Required information The Foundational 15 (Algo) (L014-2, LO14-3, LO14-4, LO14-5, LO14-6) [The following information applies to the questions displayed below) Markus Company's common stock sold for $5.50 per share at the end of this year. The company paid a common stock dividend of $0.77 per share this year. It also provided the following data excerpts from this year's financial statements: Ending balance Beginning Balance Cash $ 54,500 $ 47,200 Accounts receivable $ 100,000 $ 71,200 Inventory $ 79,000 $ 100.000 Current assets $ 23), 500 $ 218,400 Total assets $ 857,000 $938,800 Current liabilities $91,500 $ 100,500 Total liabilities $ 232,000 $ 208.800 Connon stock, $1 par value $ 171,000 $ 171,000 Total stockholders' equity $625,000 $ 730,000 Total liabilities and stockholders' equity $ 857.000 $938,800 34:22:09 Block Sales (all on account) Coat of goods sold Gross margin Bet operating con Interest expense Net income This Year $ 1.195,000 $ 593,100 5.501,900 $3,250 $ 16,500 $ 225, 225 rences Foundational 14-9 (Algo) 9. What is the accounts receivable turnover and the average collection perlod? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) Accounts receivable turnover Average collection period days