A7X, Inc., has an average collection period of 22 days. Its average daily investment in receivables is $81,000. (Enter your answer as directed, but do not round intermediate calculations.)
Requirement 1: What is the receivables turnover? (Round your answer to 3 decimal places (e.g., 32.161).) Receivables turnover times
Requirement 2: What are annual credit sales? (Round your answer to 2 decimal places (e.g., 32.16).) Annual credit sales $