The 2015 annual report of Healthy Hills (the maker of Smiley O's and Oaties) reported the following amounts (in millions of dollars): Revenues, for the year ended May 31, 2015 $13,560 Accounts receivable, net, May 31, 2015 953 Accounts receivable, net, May 31, 2014 1,082

Required:

1. Compute Healthy Hillss accounts receivable turnover ratio for the year ended May 31, 2015. Assume that all sales are on credit. Round your answer to two decimal places. fill in the blank 1 times 2. What is the average collection period in days for an account receivable. (assuming 360 in a year) Round the final answer to the nearest number. fill in the blank 2 days