The financial statements of Colter Manufacturing Company report net sales of $$400,000$ and accounts receivable of $$80,000$ and $$40,000$ at the beginning and end of the year, respectively.

$36.$ What is the receivables turnover ratio for Colter?

A$)6\mathrm{.}7$ times

B$)10$ times

C$)5$ times

D$)8$ times

$37.$ What is the average collection period for accounts receivable in days?

A$)40$ times

B$)80$ times

C$)54\mathrm{.}7$ times

D$)50$ times