Walker Clothing Store had a balance in the Accounts Receivable account of $780,000 at the beginning of the year and a balance of $820,000 at the end of the year. Net credit sales during the year amounted to $5,840,000. The average collection period of the receivables in terms of days was a. 30 days. b. 365 days. c. 100 days. d. 50 days. Waters Department Store had net credit sales of $8,000,000 and cost of goods sold of $6,000,000 for the year. The average inventory for the year amounted to $2,000,000. Inventory turnover for the year is a. 4 times. b. 7 times. c. 3 times. d. 2 times. The average number of days to sell the inventory during the year was a. 183 days. b. 122 days. c. 91 days. d. 52 days