The Following Data Exists for Mather Company $\begin{array}{lrr}&2014&2013\\\text { Accounts Receivable } & \$ 80,000 & \$ 70,000 \\\text { Net Sales } & 560,000 & 410,000\end{array}$

Essay

The following data exists for Mather Company. $\begin{array}{lrr}&2014&2013\\\text { Accounts Receivable } & \$ 80,000 & \$ 70,000 \\\text { Net Sales } & 560,000 & 410,000\end{array}$ Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2014.