Camden Hardware's credit sales for the year were $305,000. Accounts recelvable at the beginning and end of the year were $40,000 and $60,000, respectively. a. Calculate the accounts recelvable turnover ratio. b. Calculate the average collection perlod for the year. (Round your answers to 2 declmal places. Use 365 days a year. Receivables Turnover Ratio umerator: Choose Denom Choose Denominator: - Receivables Turnover Ratio 9 Receivables turnover ratio times Average collection period Choose Numerator: Choose Denominator: Average collection period Average collection period b. days