Problem 7-22 (Algo) Credit pollcy decislon with changing varlables [LO7-4] Dome Metais has credit sales of $108,000 yearly with credit terms of net 60 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 60 days to pay. a. What is the average receivables balance? Note: Use a 300 -day year. b. What is the receivables turnover? Note: Use o 360-doy yeer