what's the receivable turnor and collection period ?

At December 31,2024 , Sandhill Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Prepare the journal entry to record the bad debt expense on December 31,2024, assuming the credit manager estimates that 4% of the accounts receivable will become uncollectible. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before creditentry.) December 31,2024 Assets Irrent Assets wish Thort-Term Investments tecounts Recelvable Allowance for Doubtiul Accounts \( \$ \longdiv { 4 6 4 0 0 } \) 58000 ess 4: totes Receivable $812000 nterest Receivable: \begin{tabular}{|r|r|} \hline 32480 & i \\ \hline \end{tabular} 779520 Merchandise liventory Trepaidinsurance fotal Current Assets Calculate the receivables turnover and collection period. (Remember that this is the end of the first year of business) (Round answers to 1 decimal place, e. . 52.7. Use 365 days for calculation.) Receivables turnover times: Collection period days