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:
TP or MP Curves
Total Product (TP) and Marginal Product (MP) curves are graphical representations in economics that illustrate the total output produced and the additional output from employing one more unit of a resource, respectively.
MR Curve
The marginal revenue curve, which shows how a firm's revenue changes with each additional unit sold.
Marginal Utility
The supplementary enjoyment or value derived from the use of one more unit of a good or service.
Hypothetical Consumer
A theoretical representation of an average or typical consumer used in economic models to predict the behavior of consumers under different market conditions.
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