Based on the following data and using a 365-day year, compute a) the accounts receivable turnover and b) the number of days' sales in receivables for year 2 to 2 decimal places. The industry average turnover is 20 times during the year, and the number of days' sales in receivables averages 25. c) Comment on this situation. 
Definitions:
Valid Contract
An agreement that meets all legal requirements, including offer, acceptance, consideration, and the intention to create a legal relationship, thereby enforceable by law.
Courts
Institutions that administer justice through the interpretation and application of laws.
Fraudulent Misrepresentation
The act of deliberately providing false information or deceiving another party, leading to harm or loss.
Odometer
An odometer is a device used to measure the distance traveled by a vehicle, typically recorded in miles or kilometers.
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