Presented below is information for Cullumber Company.

1.		Beginning-of-the-year Accounts Receivable balance was $18,500.
2.		Net sales (all on account) for the year were $110,700. Cullumber does not offer cash discounts.
3.		Collections on accounts receivable during the year were $84,500.

Cullumber is planning to factor some accounts receivable at the end of the year. Accounts totaling $13,700 will be transferred to Credit Factors, Inc. with recourse. Credit Factors will retain 5% of the balances for probable adjustments and assesses a finance charge of 4%. The fair value of the recourse obligation is $1,049.

Compute Cullumbers accounts receivable turnover for the year, assuming the receivables are sold. (Round answers to 2 decimal places, e.g. 4.57.)

Accounts receivable turnover			times
Days to collect accounts receivable			days