Presented below is information forSheffieldCompany.

1.Beginning-of-the-year Accounts Receivable balance was $24,800

.2.Net sales (all on account) for the year were $107,700.Sheffielddoes not offer cash discounts.

3.Collections on accounts receivable during the year were $88,700.

What is the:

Accounts receivable turnover Times

Days to collect accounts receivable Days

I added the beginning balance with the difference between collections on AR and net sales, so $24,800 + $19,000= $43,800 divided by 2 = $21,900 for average net accounts receivable. then i divided $107,700 divided by $21,900 which equals 4.92 as a Accounts receivable turnover, I then took 365 days divided by 4.92= 74.19 for days to collect accounts receivable. However it says the answer is incorrect