Camden Hardware's credit sales for the year were $385,000. Accounts receivable at the beginning and end of the year were $45,000 and $65,000, respectively. a. Calculate the accounts receivable turnover ratio. b. Calculate the average collection period for the year. (Round your answers to 2 decimal places. Use 365 days a year.) Choose Numerator: Receivables Tumover Ratio | Choose Denominator - Receivables Turnover Ratio = Receivables turnover ratio a times Average collection period Choose Denominator: Cost of goods sold Current assets Current liabilities Average collection period Average collection period b. days Net credit sales