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The following data are taken from the financial statements of Steven Company: Monthly average accounts receivable Net sales on account Year 2 Year 1 $ 520,000 $ 550,000 5,720,000 4,950,000 Terms for all sales are 2/10, n/30 Required: 1. Calculate the accounts receivable turnover and the average collection period for both years. Show all your work, not just an answer, to enable part marks. 2. As a financial analyst, what observations & conclusions can you draw about the management of the accounts receivable