The following data are taken from the financial statements:

The following data are taken from the financial statements: Average accounts receivable (net) Accounts receivable (net), end of year Sales on account Current Year $123,000 129,012 950,000 Preceding Year $95,000 87,516 825,000 Assuming that credit terms on all sales are n/45, determine for each year: (1) Accounts receivable turnover. Round your final answer to two decimal places. (2) Number of days' sales in receivables. Round intermediate calculation to the nearest whole number and your final answer to two decimal places. 1. Accounts receivable turnover: Current Year Preceding Year Number of days' sales in receivables: Assume a 365-day year Current Year days Preceding Year days