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XYZ Company has annual sales of $794,936. The cost of goods sold are $390,471. The firm has an accounts receivable balance of $19,630, an accounts

XYZ Company has annual sales of $794,936. The cost of goods sold are $390,471. The firm has an accounts receivable balance of $19,630, an accounts payable balance of $11,831 and inventory of $11,566.

How many days on average does it take the firm to collect its accounts receivable? That is, what is the average collection period? Assume 365 days.

Enter your answer rounded off to one decimal point.

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