Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/20, net 45. Based on experience, 70 percent of all customers will take the discount. What is the average collection period for the company? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 deceimal places, e.g., 32.16.) b. If the company sells 1,470 forecasts every month at a price of $1,250 each, what is its average balance sheet amount in accounts receivable? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) days a. b. Average collection period Average accounts receivable