Presented below is information for Bridgeport Company.

1.		Beginning-of-the-year Accounts Receivable balance was $16,000.
2.		Net sales (all on account) for the year were $107,000. Bridgeport does not offer cash discounts.
3.		Collections on accounts receivable during the year were $86,500.

Compute Bridgeports accounts receivable turnover and days to collect receivables for the year. The company does not believe it will have any bad debts. (Round answers to 2 decimal places, e.g. 4.57.)

Accounts receivable turnover		enter Accounts receivable turnover in times	times
Days to collect accounts receivable		enter Days to collect accounts receivable	days

No. Account Titles and Explanation Debit Credit 1. No Entry No Entry Accounts Receivable 107,000 Sales Revenue Sales Revenue 107,000 3. [ cash Cash 86,500 Accounts Receivable 86,500