The following data are presented for Ratalan Ltd. for 2018: 
InstructionsCalculate the receivables turnover and the average collection period for accounts receivable in days.
Definitions:
Type I Error
The mistake of rejecting the null hypothesis when it is actually true, often referred to as a "false positive."
Innocent Person
An individual who has not committed the crime or offense they are accused of.
Criminal Trial
A legal proceeding in which a person accused of committing a crime is tried in a court, judged, and then sentenced if found guilty.
Error Probability
The likelihood of making an incorrect decision or inference in a statistical test.
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