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Camden Hardware's credit sales for the year were $ 4 9 3 , 0 0 0 . Accounts receivable at the beginning and end of

Camden Hardware's credit sales for the year were $493,000. Accounts receivable at the beginning and end of the year were $48,000 and $68,000, respectively.
a. Calculate the accounts receivable turnover ratio.
b. Calculate the average collection period for the year.
Note: Round "Receivables turnover ratio" answer to 2 decimal places and "Average collection period" answer to nearest whole number. Use 365 days a year.
\table[[a. Receivables turnover ratio,,times],[b. Average collection period,,days]]
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