At December 31,2017, Accustart Imports Inc. reported this information on its balance sheet. $644,000 40,000 Accounts receivable Less: Allowance for doubtful accounts During 2018, the company had the following summary transactions related to receivables and sales. Accustart uses the perpetual inventory system. 1. Sales on account amounted to $2,715,000. The cost of the inventory sold was $2,443,500 2. Sales returns and allowances with a total sales price of $41,000 and a cost of $36,900 were restored to inventory. 3. Collections of accounts receivable were $2,393,000. 4. Write-offs of accounts receivable deemed uncollectible, $44,900 5. Recovery of bad debts previously written off as uncollectible, $15,100. Calculate the receivables turnover ratio and average collection period. (Round receivables turnover to 1 decimal place, e.g.5.2. Round average collection period to nearest whole day, eg. 15.) Receivables turnover ratio times Average collection period days