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

		2022		2021
Accounts receivable (net), end of year		$ 564,600		$ 564,500
Net sales on account		4,898,000		4,018,000
Terms for all sales are 1/10, n/45

(a)

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Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable was $516,500. (Round answers to 1 decimal place, e.g. 12.5.)

		2022			2021
Accounts receivable turnover		Enter turnover in times rounded to 1 decimal place.	times		Enter turnover in times rounded to 1 decimal place.	times

Attempts: 2 of 3 used

(b1)

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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.)

		2022			2021
Average collection period		Enter the collection period in days rounded to 1 decimal place.	days		Enter the collection period in days rounded to 1 decimal place.	days