The following data are taken from the financial statements of Colby Company.

		2020		2019
Accounts receivable (net), end of year		$500,000		$470,000
Net sales on account		3,880,000		3,015,000
Terms for all sales are 1/10, n/45

Compute for each year the accounts receivable turnover. At the end of 2018, accounts receivable was $430,000. (Round answers to 1 decimal place, e.g. 1.6.)

		2020		2019
Accounts receivable turnover		times		times

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Compute for each year the average collection period. At the end of 2018, accounts receivable was $430,000. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.)

		2020		2019
Average collection period		days		days