Black Company has the following information: Receivable turnover 6 Inventory turnover Asset turnover O 30 days Net credit sales What is the average collection period? O 60.8 days O 24.3 days O 50 days 5 O 90 days 3 $500,000

Black Company has the following information: What is the average collection period? 30 days 60.8 days 24.3 days 50 days 90 days