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The following data are taken from the financial statements of Blossom Company. 2017 2016 Accounts receivable (net), end of year $ 550,000 $ 520,000 Net

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

2017

2016

Accounts receivable (net), end of year $ 550,000 $ 520,000
Net sales on account 4,500,000 3,900,000
Terms for all sales are 1/10, n/45

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Compute for each year the average collection period. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

2017

2016

Average collection period

days

days

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