Calculate the receivables turnover and collection period. $($Remember that this is the end of the first year of business$)$

At December 31, 2024, Oriole Industries reports the following selected accounts from the unadjusted trial balance for its first year of operations: Account Debit Credit Accounts payable $287,000 Accounts receivable $574,000 Cash 32,800 Cost of goods sold 1,435,000 Interest receivable 925 Interest revenue 1,850 Merchandise inventory 266,500 Notes receivable, due April 10, 2025 36,900 Prepaid insurance 6,560 Sales 4,989,700 Sales returns and allowances 82,000 Short-term investments 41,000 Unearned revenue 20,500