During 2014 Oderin Inc. (Oderin) reported revenue of ($1,178,000). Oderins accounts receivable turnover ratio for 2014 was

Question:

During 2014 Oderin Inc. (Oderin) reported revenue of $$1,178,000$. Oderin’s accounts receivable turnover ratio for 2014 was 6.32. What was Oderin’s average amount of accounts receivable during 2014? What was Oderin’s average collection period for accounts receivable during 2014?

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