Purrfect Pets, Inc., had sales revenue of $1,748,380 during 2011. The company had credit card discounts of
$16,280 and sales returns of $3,460. The balance in accounts receivable on December 31, 2010 was $104,500
and on December 31, 2011 it was $129,100. Calculate the receivables turnover ratio and days to collect measure for 2011 (round each calculate to one decimal place).

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The Answer of Purrfect Pets, Inc., had sales revenue of $1,748,380 during 2011. The company had credit card discounts of
$16,280 and sales returns of $3,460. The balance in accounts receivable on December 31, 2010 was $104,500
and on December 31, 2011 it was $129,100. Calculate the receivables turnover ratio and days to collect measure for 2011 (round each calculate to one decimal place).