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Granger Corporation had $192,000 in sales on account last year. The beginning accounts receivable balance was $24,000 and the ending accounts receivable balance was $33,000.

Granger Corporation had $192,000 in sales on account last year. The beginning accounts receivable balance was $24,000 and the ending accounts receivable balance was $33,000. The corporation's average collection period was closest to:

(Assume 365 days a year. Round your intermediate answers to 2 decimal places.)

54.2 days

62.7 days

6.7 days

45.6 days

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