The following data are taken from the financial statements of Cullumber Company. 2022 2021 Accounts receivable (net), end of year $ 587,000 $585,000 Net sales on account 4,927,000 3,921,000 Terms for all sales are 1/10, n/45 Your answer is incorrect. Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable was $554,500. (Round answers to 1 decimal place, e.g. 12.5.) Accounts receivable turnover 2022 2021 6.7 times 6 times Accounts receivable turnover eTextbook and Media Your answer is incorrect. 2022 6.7 times 2021 6 times Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Average collection period 2022 6.7 days 2021 6 days