Problem $3-3$ Calculating the Average Collection Period $[$LO$2]$

Damron Corporation has a current accounts receivable balance of $$342,800.$ Credit sales for the year just ended were $$4,902,040.$

What is the company's receivables turnover?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

What is the company's days' sales in receivables?

Note: Use $365$ days a year. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

How long did it take on average for credit customers to pay off their accounts during the past year?

Note: Use $365$ days a year. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$