A company has an accounts receivable balance of $300,000 as of the end of the year. Credit sales for the year totaled $2,000,000. What were the accounts receivable days outstanding as of the end of the year (not average for the year)?

I don't understand how to formulate the correct response to this question. My best guess at this is to divide $2,000,000 by 365 days = $5479.45. So I divide $300,000 by $5479.45 = 54.75 or roughly 55 days. Am I almost there or am I way off course?