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The following balance sheet information was provided by Southern Company: Assets 2,016 2,015 Cash 4,000 2,000 Accounts receivable 20,000 15,000 Allowace for double accounts (5,000)

The following balance sheet information was provided by Southern Company:

Assets 2,016 2,015
Cash 4,000 2,000
Accounts receivable 20,000 15,000
Allowace for double accounts (5,000) (3,000)
Inventory 35,000 38,000

Required:

Assuming 2016 net credit sales totaled $270,000, what was the company's average days to collect receivables in 2016? What was the accounts receivable turnover in 2016. (Use 365 days in a year.)

Please show your work, showing formulas , results

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