Recent financial statements of Larkspur Ship Builders, Inc. report net sales of $668,500,000. Accounts receivable are $64,400,000 at the beginning of the year and $90,500,000 at the end of the year. (Round answers to 2 decimal places, e.g. 50.27. Use 365 days for calculation.) Compute Larkspurs accounts receivable turnover.

Accounts receivable turnover

times

Compute Larkspurs average collection period for accounts receivable in days.

Average collection period for accounts receivable

days