Assuming a 365-day year, how long (in average days) does the collectibles from
customers stay as outstanding accounts receivable if Company Z has a total sale of
$1,800,000 of which $200,000 are cash sales and the beginning and ending accounts
receivable balances are $30,000 and $50,000, respectively.
1. 11.40 days
2. 9.13 days

3. 6.84 days
4. 8.11 days