$($P$8\mathrm{.}1)$ At December $31,2024,$ Catu Medical reported the following information on its statement of

financial position.

During $2025,$ the company had the following transactions related to receivables.

$.$ Sales on account

$.$ Sales returns and allowances

$.$ Collections of accounts receivable

$.$ Write$-$off s of accounts receivable deemed uncollectible

$.$ Recovery of bad debts previously written off as uncollectible

$.$ Expected bad debts expense under an aging of accounts

receivable

Instructions:

a$.$ Compute the accounts receivable turnover for $2025.$

b$.$ Compute the average collection period in days. $(365$ days a year$)$