Alpha Company has the following account balances information for fiscal year 2015 & 2016 (all balances are normal):Alpha CompanyDecember 31Accounts20162015Accounts Receivable$40,500$35,500Allowance for Doubtful Accounts2,5001,500Merchandise Inventory57,00050,000Office Supplies25,00020,000Credit Sales960,000740,000Sales Discounts10,0009,000Interest Income25,00020,000Cost of Goods Sold460,000385,0001. What is the FY 2016 accounts receivable turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times. (Example 1.123 would be entered 1.1 times)2. Whatÿis the FY 2016 daysÿoutstanding for accounts receivable ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word days. (Example 1.123 would be entered 1.1 days)

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