3. Based on the following data and using a 365-day year, compute (a) the accounts receivable turnover and (b) the nun of days' sales in receivables for year 2 to 2 decimal places. The industry average turnover is 20 times during the year, a the number of days' sales in receivables averages 25. (c) Comment on this situation. 12/31/Year 1 accounts receivable 12/31/Year 2 accounts receivable For the year ended 12/31/Year 1, sales For the year ended 1 2/31 /Year 2, sales s 100,000 70,000 1,050,000 1,200,000