Problem 17-9 ACP and Accounts Receivable [LO 2] Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/10, net 30. Based on experience, 60 percent of all customers will take the discount. a. What is the average collection period? (Do not round Intermediate calculations and round your answer to 2 decimal places, 32.16.) b. If the company sells 1,360 forecasts every month at a price of $2,460 each, what is its average daily balance sheet amount in accounts receivable? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) 18 days a. Average collection period b. Average accounts receivable $ 1,633,314.40