Answer:
Average Collection Period = 57.03 
Explanation:
given data 
Accounts Receivable beginning =  $437,500
Accounts Receivable ending =   $500,000
Net credit sales = $3,000,000
to find out 
average collection period
solution
we get here first average account receivable that is express as 
average account receivable = 
average account receivable = $468750
and we consider No of Days in a year	is = 365
so Average Collection Period will be 
Average Collection Period =  × 365
 × 365 
Average Collection Period = 57.03