Required 1. Compute the current average collection period based on the data in Table 1. In doing this, multiply the midpoint of the days outstanding, by the weight assigned to that category. For example, the midpoint of the second company is 15 days and the category represents 7.5 percent of total accounts receivable ($150,000/$2,000,090). Its value is 1.125 days (15 days x .075). After this process is followed for . all six categories, add up the total to get the average collection period