The financial statements of M & J Company report net sales of $22 billion. Accounts receivable (net) are $2.9 billion at the beginning of the year and $3.2 billion at the end of the year. Compute 3M's receivables turnover ratio. Compute 3M's average collection period for accounts receivable in days. (Round turnover ratio to 1 decimal place, e.g. 10.5 and collection period to 0 decimal places, e.g. 125.)

Accounts receivable turnover ratio times

Average collection period for accounts receivable days