Problem 8-2A (Part Level Submission)

At December 31, 2016, Carla Vista Co. Imports reported this information on its balance sheet.

Accounts receivable		$581,900
Less: Allowance for doubtful accounts		36,370

During 2017, the company had the following transactions related to receivables.

1.		Sales on account		$2,965,700
2.		Sales returns and allowances		67,586
3.		Collections of accounts receivable		2,568,800
4.		Write-offs of accounts receivable deemed uncollectible		42,560
5.		Recovery of bad debts previously written off as uncollectible		14,110

Compute the average collection period. (Round answer to 1 decimal place, e.g. 12.4.)

Average collection period