# At December 31, 2016, Flint Corporation Imports reported this information on its balance sheet. Accounts receivable...

###### Question:

At December 31, 2016, Flint Corporation Imports reported this information on its balance sheet.

 Accounts receivable $560,400 Less: Allowance for doubtful accounts 37,640 During 2017, the company had the following transactions related to receivables.  1 Sales on account$2,968,300 2 Sales returns and allowances 92,202 3 Collections of accounts receivable 2,518,800 4 Write-offs of accounts receivable deemed uncollectible 43,310 5 Recovery of bad debts previously written off as uncollectible 15,840

Compute the accounts receivable turnover. (Round answer to 1 decimal place, e.g. 12.5.)

Compute the average collection period. (Round answer to 1 decimal place, e.g. 12.5.)

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