Alpha Company has the following account balances information for fiscal

year 2015 & 2016 (all balances are normal):

Alpha Company

December 31

Accounts

2016 2015

Accounts Receivable

$40,000 $32,000

Merchandise Inventory

57,000 50,000

Office Supplies

25,000 20,000

Credit Sales

950,000 740,000

Interest Income

25,000 20,000

Cost of Goods Sold

460,000 385,000

1. 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. What is the FY 2016 days outstanding 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)