Cyclone Inc Required:
A

Essay

Cyclone Inc. reported the following figures from its financial statements for the years 2013 through 2015: $$\begin{array}{l}&\underline { 2015 }& \underline { 2014 } & \underline { 2013 }\\\text { Net revenues } & \$ 717,422 & \$ 1,110,178 & \$ 591,786 \\\text { Gross profit } & 560,421 & 960,434 & 498,605 \\\text { Net income (net loss) } & ( 92,788 ) & 70,776 & 47,811 \\\text { Cash flow from operations } & 106,850 & 509,707 & 204,496 \\\text { Accounts receivable } & 68,648 & 90,561 & 56,454\end{array}$$ Required:
A. Calculate the accounts receivable turnover for 2015 and 2014.
B. Calculate the average collection period for 2015 and 2014.