Date Class 0 unts receivable turnover and (b) the number is 20 times during the year, and OL 3. Based on the following data and using a 365-day year, compute (a) the acco of days' sales in receivables for year 2 to 2 decimal places. The industry average turnover 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 12/31/Year 2, sales $ 100,000 70,000 1,050,000 1,200,000