Current Assets
Cash	45,000
Debtors	52,000
Stock	125,000
Total Current Assets	222,000
Current Liabilities
Creditors	65,000
Bank Overdraft	75,000
Current Tax	12,000
Total Current Liabilities	152,000
Net Current Assets	70,000
Fixed Assets
Fixed Assets and premises	475,000
	475,000
Long Term Liabilities
Mortgage Loan	330,000
Net Assets	215,000
Financed by:
Issued Share Capital	10,000
Accumulated Reserves	20,000
Profit and Loss Account	185,000
Total Capital	215,000
Profit & Loss Account Summary
Sales	1,250,325
Cost of Goods Sold (including labor)	1,008,825
Sponsorships	3,000
Interest	43,500
Gross Profit	238,500
Net Profit	195,000

Given the information above, calculate the average collection period in days

Select one:

a.

23.5 days

b.

15.2 days

c.

142.5 days

d.

178.1 days

e.

None of the above