Flounder Discount Retail Company had a balance in the Accounts Receivable account of $740000 at the beginning of the year and a balance of $820000 at the end of the year. Net credit sales during the year amounted to $7020000. The average collection period of the accounts receivable in terms of days was 42.4 days. 81.1 days. 40.6 days. 30.0 days