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CHOAM has annual sales of $539,200 and cost of goods sold of $350,480. The beginning accounts receivable was $45,000 and the ending receivables is $51,100. How many days on average does it take the company to collect its accounts receivable? Assume 365 days per year. 7 Multiple Choice 32.53 days 30.46 days O 29.82 days O 11.22 days 34.59 days The Krezus Restaurant has increased its operating cycle from 95.4 days to 99.7 days while the cash cycle has decreased by 1.9 days. How have these changes affected the accounts payable period? Multiple Choice Increase of 2.4 days Decrease of 2.4 days O Increase of 6.2 days Increase of 4.3 days Decrease of 6.2 days