Using the Wong Company data below, compute AVERAGE COLLECTION PERIOD. Note: If you need to compute the average balance for any account, assume that the beginning$-$ofyear balance is the same as the end$-$of$-$year balance. Assume all sales are on account. Also, not all accounts are shown, but all accounts necessary to compute average collection period are shown.

$\backslash$table$[[$Accounts Payable,$210],[$Accounts Receivable,$400],[$Capital Stock $($or Paid$-$in Capital$),120],[$Cash$,50],[$Cost of Goods Sold,$700],[$Inventory$,190],[$Long$-$term Debt,$500],[$Net Income,$140],[$Property$,$ Plant, and Equipment $($net$),700],[$Retained Earnings,$390],[$Sales$,1,500]]$