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The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal): Item/Account 2019: then 2018:
The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal):
Item/Account 2019: then 2018:
Accounts Receivable 2019: $30,000 2018: $34,000
Inventory 2019: 42,000 2018: 38,000
Net Sales (all credit) 42019: 10,000 2018: 350,000
Cost of Goods Sold 2019: 154,000 2018: 152,000
Net Income 2019: 27,200 2018: 24,800
Use this information to determine the accounts receivable average collection period for FY 2019. (Use 365 day year. Round your answers to one decimal place.)
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