At December 31, 2017, Duffy Dog Imports Inc. reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $633,000 42,000 During 2018, the company had the following summary transactions related to receivables and sales. Duffy Dog uses the perpetual inventory system. 1. Sales on account amounted to $2,485,000. The cost of the inventory sold was $2,261,350. 2. Sales returns and allowances with a total sales price of $42,000 and a cost of $38,220 were restored to inventory. 3. Collections of accounts receivable were $2,165,000. 4. Write-offs of accounts receivable deemed uncollectible, $46,600. 5. Recovery of bad debts previously written off as uncollectible, $14,400. Calculate the receivables turnover ratio and average collection period. (Round receivables turnover to 1 decimal place, e.g. 5.2. Round average collection period t nearest whole day, e.g. 15.) Receivables turnover ratio times Average collection period days