The following information was taken from the books of Olmeck, Inc. 
(a) Determine the accounts receivable turnover for Year 1 and Year 2.
(b) Determine the number of days' sales in receivables for Year 1 and Year 2.
(c) The industry average for the accounts receivable turnover is 8.0. How does Olmeck, Inc. compare?
Definitions:
Transitional Expression
Phrases or words used to connect ideas, sentences, or paragraphs, helping to guide the reader smoothly through the text.
Transitional Expression
Words or phrases that provide a connection between ideas, sentences, and paragraphs, helping to make communication clear and smooth.
REM Sleep
A phase of sleep characterized by rapid eye movements, low muscle tone, and vivid dreams, playing a crucial role in memory and learning.
Hibernate
A state of inactivity and metabolic depression in animals during winter, allowing survival through periods of reduced food availability.
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