The following data exists for Carley Company. 
Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2018.
Definitions:
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Constant Returns to Scale
A situation in production where increasing all inputs by a certain proportion results in output increasing by the same proportion.
Price-taker Industry
Industries where firms have no control over the market price and must accept the prevailing prices as given.
Short-run Market Supply
The total quantity of goods or services that producers are willing and able to sell at a given price in the market over a short period.
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