Use the following the answer questions $34-35$:

The financial statements of Bolton Manufacturing Company report net sales of $$500,000$ and accounts receivable of $$50,000$ and $$30,000$ at the beginning and end of the year, respectively.

$34.$ What is the receivables turnover ratio for Bolton?

A$)7$ times

B$)10$ times

C$)16\mathrm{.}7$ times

D$)12\mathrm{.}5$ times

$35.$ What is the average collection period for accounts receivable in days?

A$)52\mathrm{.}1$

B$)29\mathrm{.}2$

C$)21\mathrm{.}9$

D$)36\mathrm{.}5$