The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $3.25 per share at the end of this year. The company paid a common stock dividend of $0.65 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Ending Balance $ 39,000 $ 72,000 $ 61,900 Beginning Balance $ 35,200 $ 56,200 $ 72,000 $ 156,000 $ 172,900 $ 531,000 $ 69,000 $ 163,400 $ 550,400 $ 60,000 $ 140,400 $ 132,000 $ 132,000 $ 375,000 $ 410,000 Total liabilities and stockholders' equity $ 531,000 $ 550,400 This Year Sales (all on account) $ 850,000 Cost of goods sold $ 493,000 Gross margin $ 357,000 Net operating income $ 173,375 Interest expense $ 9,500 Net income $ 114,712 Check my work Foundational 14-9 (Algo) 9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)