A company has annual sales of $120,000, average accounts payable of $35,000, and average accounts receivable of $35,000. The company's receivables turnover and days of sales outstanding are closest to: 3.4 receivables turnover: 106 days of sales outstanding 4.0 receivables turnover: 91 days of sales outstanding 3.4 receivables turnover: 100 days of sales outstanding