Ordonez Lumber Yard has a current accounts receivable balance of $440,516.

Problem 3-3 Calculating the Average Collection Period [LO 2 Ordonez Lumber Yard has a current accounts receivable balance of $440,516. Credit sales for the year just ended were $6,354,830. What is the receivables turnover? (Do not round Intermediate calculations and round your answer to 2 decimal places, eg, 32.1 Receivables turnover What is the days' sales in receivables? (Do not round Intermediate calculations and round your answer to 2 Days' sales in recelvables How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculat Average collection period -days 14.43 times decimal places, e.g Idays References eBook& Resourcers Difficulty: 1 Basic Section: 3.2 Ralio Anatya Problem 3-3 Calculating the Average Collection Period ILO 2] more importt,itrpret some common Leaming Objective: 03-02 Computo and atios 2 4 5 6