Accounts Question I Can Not Work Out How It Works?

cost of goods was $206,250 for the year the gross margin was 25% and accounts receivable in balance sheet was $46,250 what is the average collection period
Answer is 61.4 days
How was this done?
if sales total is $275,000 for year mark up was 33.33% and inventory turnover is 5.0 what will be the average inventory figure shown on the balance sheet
Answer $41,250
How was this done

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