Andre works as a financial analyst with TDM Financial Consultancy in USA. He wishes to examine the financial health, performance, and position of one of the company's clients, MFT, in order to make business decisions. The financial statements of the Wilcox company for the year 2015 are provided below. Wilcox Corporation Statement of Cash Flow Information For the Year Ended December 31, 2015 Cash from operating activities 5150 Investing activiti Capital expenditures Acquisitions $60 $10 Wilcox Corporation Income Statement For the Year Ended December 31, 2015 Net sales $2.870 Cost of goods sold 1.985 Gross profil 5885 Operating expanses 620 Operating profil 5265 Interest expense 40 Earnings before taxes $225 Income tax expense 80 Ner profil Financing activities Proceeds from long-term borrowing Payments on long-term borrowing Payment of cash dividends $50 $25 10 SIES Cash pad for interest Cash pand for income to $10 575 Assets Current Cash Short term met Accounts recevable Instory Teal current Long termes Net PPE Goodwill Totalanse Totalansen Wilcox Corporation Balance Sheet 12/31/2015 Lisbilities and stockholders gut Current liabilities Accounts payable 15 Accrued alities 45 10 Total current 7:30 150 Lont terme debt 24.6 5160 Total Na 370 Stockholdenequity 390 Cormon stock and PIC 80 210 Retained camo 419 600 Total loody 190 5660 Totalitics and in 5860 2. What is Wilcox's average collection period based on the following financial information? O A) 5 days OB) 8.9 days O C) 12 8 days D) None of the above EN TOSHIBA