A firm has accounts receivable of $$150,000.$ During the year, total sales are $$500,000,$ of which $$300,000$ are cash sales. What is the average collection period?

Question $21$Select one:

a$.$

$109\mathrm{.}5$ days

b$.$

$182\mathrm{.}5$ days

c$.$

$273\mathrm{.}8$ days

d$.$

$486\mathrm{.}7$ days

e$.$

None of the above