The following select financial statement information from Candid Photography.

Compute the accounts receivable turnover ratios and the number of days’ sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Candid Photography if industry average for accounts receivable turnover ratio is 3 times and days’ sales in receivables ratio is 150 days?

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Year 2017 2018 2019 CANDID PHOTOGRAPHY Net Credit Sales $2,988,000 3,750,860 4,000,350 Ending Accounts Receivable $1,290,450 1,345,600 1,546,550