An organization’s sales during a financial year is Rs.6,00,000 with 90% of it on credit. At the end of the year, the receivables turnover was found to be 5. Considering 365 days to a year, the average collection period and receivables are, respectively
(a) 81 days and Rs. 1,08,000
(b) 73 days and Rs. 1,08,000
(c) 81 days and Rs. 1,20,000
(d) 73 days and Rs. 1,20,000