Problem 7-16 Darla's Cosmetics had annual credit sales of $1,003,750 and an average collection period of 36 days in 20XX. If accounts receivable change in 20XY to $138,600, and credit sales increase to $1,204,500: (Use 365 days a year. Round the final answer to the nearest whole number.) a. What is average collection period for 20XY? Average collection period days b. Should we assume that the firm has a more or less lenient credit policy? More Less