Jayco Inc. started its operations in 2016. Its sales, all on account, totalled $700,000. The company collected $500,000 in cash from customers during the year and wrote off $8,000 in uncollectible accounts. The company set up an allowance for doubtful accounts at December 31, 2016, its fiscal year end, and determined the account balance to be $14,000 The unadjusted balances of selected accounts at December 31, 2017, are as follows: Accounts receivable Allowance for doubtful accounts (debit) Sales revenue (including 80 percent in sales on account) $300,000 10,000 800,000 Aging of the accounts receivable on December 31, 2017, resulted in an estimate of $11,000 in potentially uncollectible accounts. 3. Compute the receivables turnover ratio and the average collection period for 2017. (Use 365 days a year. Round "Receivables turnover" to 2 decimal places and other answer to nearest whole number.) times Receivables turnover Average collection period days