Beginning accounts receivable, net = $4,400 millions
Ending accounts receivable, net = $3,400 millions
Average accounts receivable = (Beginning accounts receivable, net + Ending accounts receivable, net)/2
= (4,400 + 3,400)/2
= 7,800/2
= $3,900 million
Accounts receivable turnover = Sales Revenue/Average accounts receivables
= 36,270/3,900
= 9.3 times
Average collection period= 365/Accounts receivable turnover
= 365/9.3
= 39.2 days
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