Question $4$ of $13$

$\frac{0}{0\mathrm{.}5}$

Suppose the $2025$ financial statements of $3M$ Company report credit sales of $$22\mathrm{.}20$ billion. Accounts receivable $($net$)$ are $$2\mathrm{.}90$ billion at the beginning of the year and $$3\mathrm{.}02$ billion at the end of the year.

Compute $3$M$\text{'}$s accounts receivable turnover. $($Round answer to $1$ decimal place, e$.$g$.12\mathrm{.}5.)$

Accounts receivable turnover

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Compute $3$M$\text{'}$s average collection period for accounts receivable in days. $($Round answer to $1$ decimal place, eg$.12\mathrm{.}5.$ Use $365$ days for calculation.$)$