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Question 7 (3.5 points) The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal):

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Question 7 (3.5 points) The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal): Item/Account 2019 2018 Accounts Receivable Inventory Net Sales (all credit) Cost of Goods Sold Net Income Use this information to determine the accounts receivable average collection period for FY $34,000 $48,000 42,000 38,000 390,000 350,000 154,000 152,000 27,200 24,800 2019. (Use 365 day year. Round your answers to one decimal place.) Your

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