1. Question Content Area

   A company reports the following:

   Sales		$720,000
   Average accounts receivable (net)		45,000

   Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year.

   a. Accounts receivable turnover	fill in the blank 1
   b. Number of days' sales in receivables	fill in the blank 2 days