Home Systems has sales of $312,800, cost of goods sold of $218,400, inventory of $46,300, and accounts receivable of $62,700. How many days, on average, does it take the firm to collect payment on the sale? Is the firm more or less efficient than its competition that has 90 days sales outstanding?

73.16 days, more efficient

104.79 days, less efficient

73.16 days, less efficient

104.79 days, more efficient

4.99 days, more efficient