The Manana Corporation had sales of $60 million this year. Its accounts receivable balance averaged $2 million. How? long, on? average, does it take the firm to collect on its? sales? (Use 365 days for a? year.
A. The accounts receivable turnover is approximately _____ times per year. (Round 1 decimal point)
B. The average collection period is _____ days. (Round to the nearest integer)