MHC - Chapter 7 Homework Help Check my work 9 1 Dome Metals has credit sales of $540,000 yearly with credit terms of net 45 days, which is also the average collection period Dome does not offer a discount for early payment, so its customers take the full 45 days to pay a. What is the average receivables balance? (Use a 360-day year.) Aroraparochiebios balance b. What is the receivables turnover? (Use a 360-day year.) Receivables tumover times