Sales (all credit) (December 31, 2009) $1,000,000 a. Calculate the accounts receivable turnover ratio for 2010. b. Calculate the average number of days to collect.

Ross Company had the following balances:

Receivables, net (December 31, 2010) $200,000
Receivables, net (December, 2009) $250,000
Sales (all credit) (December 31, 2010) $1,600,000
Sales (all credit) (December 31, 2009) $1,000,000

a. Calculate the accounts receivable turnover ratio for 2010.

b. Calculate the average number of days to collect.