Music City, Inc., has an average collection period of 46 days. Its average daily investment in receivables is $67,800. Assume 365 days per year.
What is the receivables turnover? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
Receivables turnover ________ times
What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Annual credit sales $ __________