The financial statements of the Cheyenne Corp. reports net sales of $600,000 and accounts receivable of $85,200 and $28,800 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation and round answer to 1 decimal point.) Question 29 Haley Company sells its goods on terms of 3/10,n/30. It has an accounts receivable turnover of 7 . What is its average collection period (days)? (Use 365 days for calculation.)