Maddox Resources has credit sales of $192,000 yearly with credit terms of net 30 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay. (Use 365 days in a year.) a-1. What is the average receivables balance? (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Accounts receivable balance $ a-2. What is the receivables turnover? (Round the final answer to 2 decimal places.) Receivables turnover b. If Maddox offered a 2 percent discount for payment in 10 days and every customer took advantage of the new terms, what would the new average receivables balance be? Use the full sales of $192,000 for your calculation of receivables. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) New receivable balance 69