Renfro Company had accounts receivable of $100,000 on January 1,2021. The only transactions that affected accounts receivable during 2021 were net credit sales of $1,200,000, cash collections of $1,000,000, and accounts written off of $30,000. Part 1 Vour answeris correct: Compute the ending balance of accounts receivable. Ending balance of sccounts receivable. Compute the average collection period in days. (Use 365 days for calculation. Round answer to 1 decimal place, es, 52.7.) Average collection period days Compute the accounts receivable turnover for 2021 (Round antwer to 2 decimal places, eg. 52.75.) Accounts recelvable turnover eTextbook and Media Attempts: 0 of 2 used