Year 1:-{:[" Average Accounts Receivable=(Beginning Accounts Receivable+Ending Accounts Receivables)/2 "],[=($3","896+$3","696)//2=$7","592//2],[=$3","796]:}Accounts Receivables Turnover Ratio=Net Sales/Average Accounts Receivables=$67,096//$3,796=17.7" Times. "Average Collection Period=365 Days/Accounts Receivable Turnover Ratio=365//17.7=20.62" days "Year 2:-Average Accounts Receivable=(Beginning Accounts Receivable+Ending Accounts Receivables)/2{:[=($3","696+$3","59 ... See the full answer