Suppose the $2022$ financial statements of $3$M Company report net sales of $$22\mathrm{.}0$ billion. Accounts receivable $($net$)$ are $$2\mathrm{.}4$ billion at

the beginning of the year and $$2\mathrm{.}60$ billion at the end of the year.

$($a$1)$

Your answer is correct.

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

Accounts receivable turnover ratio

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Attempts: $2$ of $10$ used

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$50\%$ score reduction after attempt $5$

$($a$2)$

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

for calculation.$)$