26. W. Tsang Electronics reports the following in its most recent year of operations:

■ Net sales, $1,910,500 (all on account)

■ Cost of goods sold, $977,500

■ Gross profit, $933,000

■ Accounts receivable, beginning of year, $220,000

■ Accounts receivable, end of year, $270,000

■ Merchandise inventory, beginning of year, $110,000 ■ Merchandise inventory, end of year, $130,000 Based on these balances, compute:

a. The accounts receivable turnover

b. The average collection period

c. The inventory turnover

d. The average number of days in inventory