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Hogwart Corporation's books revealed the following for 2020 and 2019: 2020 2019 Cash $27,750 $21,250 Accounts receivable 42,000 37,500 Inventory 72,250 61,600 Other prepaid assets

Hogwart Corporation's books revealed the following for 2020 and 2019:
2020 2019
Cash $27,750 $21,250
Accounts receivable 42,000 37,500
Inventory 72,250 61,600
Other prepaid assets 12,500 12,500
Accounts payable 41,250 38,000
Other current payables 13,000 15,000
Shareholders' equity 100,250 79,850
Sales 525,000 450,750
Cost of goods sold 300,000 240,750
Operating expenses

70,000

65,000

Net income

$155,000

$145,000

The number of days to collect the average receivable in 2020 was

28 days.

29 days.

30 days.

31 days.

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