Suppose the 2017 financial statements of3M Companyreport net sales of $23.1 billion. Accounts receivable (net) are $3.2 billion at the beginning of the year and $3.25 billion at the end of the year.

A.) Compute 3M Company's receivable turnover.(Round answer to 1 decimal place, e.g. 12.5.)

Accounts receivable turnover ratio=

B.) Compute 3M Company's average collection period for accounts receivable in days.(Round answer to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

Average collection perioddays=