[Solved] Cat Supplies offers terms of 1/10, net 35

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Cat Supplies offers terms of 1/10, net 35. The discount is taken by 76 percent of customers. What is the company's average collection period? (Show

Cat Supplies offers terms of 1/10, net 35. The discount is taken by 76 percent of customers. What is the company's average collection period? (Show your work)

Multiple choice:

a. 19.25 days

b. 22.81 days

c. 16.00 days

d. 14.77 days

e. 22.50 days

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