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The Following Data Exists for Carley Company Calculate the Accounts Receivable Turnover and the Average Collection Period

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The following data exists for Carley Company. 20162015 Accounts Receivable $50,000$70,000 Net Sales 500,000410,000\begin{array}{lrr}&\underline{2016}&\underline{2015}\\\text { Accounts Receivable } & \$ 50,000 & \$ 70,000 \\\text { Net Sales } & 500,000 & 410,000\end{array}
Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2016.

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