The following data are taken from the financial statements of Gummies ltd:

$20242023$

Average gross accounts receivable............................ $ $800,000$ $ $850,000$

Sales on account.......................................................... $8,360,000..........\mathrm{.}6,970,000$

Instructions

$($a$)$ Calculate the accounts receivable turnover and the average collection period for both years.

$($b$)$ What conclusion can an analyst draw about the management of the accounts receivable?