Intro Sales for the year were $72,000 and cost of goods sold were $57,600. The balance sheet at the end of the year is given below: Assets Cash Accounts receivable Inventory Current assets Machines Real estate Net fixed assets Total assets Liabilities and Equity 11,000 Accounts payable 19,000 5,000 Current liabilities 19,000 44,000 Long-term debt 95,000 60,000 Total liabilities 114,000 34,000 Paid-in capital 20,000 80,000 Retained earnings 40,000 114,000 Equity 60,000 174,000 Total liab. & equity 174,000 Part 1 | Attempt 1/3 for 10 pts. What is the firm's average collection period (days sales outstanding)? 1+ decimals Submit