Olvera Corporation had net credit sales during the year of $800,000 and cost of goods sold of 500,000. The balance in net accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000. What were the accounts receivable turnover ratio and the average collection period in days (round each to one decimal place)? 40 and 91.3 days 4 and 57.0 days 8.0 and 45.6 days 5.3 and 68.9 days None of the above