kam #2: Chapters 4, 5, & 6 12 01:32:36 The Elk Corporation has provided the following information: Total sales were $3,120,000. Beginning net accounts receivable was $114,000. Ending net accounts receivable was $166,000. Sales returns and allowances $224,000. What was Elk's average collection period? Note: Use 365 days a year. Do not round intermediate calculations. Multiple Choice 35.40 days. 17.65 days. 16.30 days. Saved 16.00 days. Help Save & Exit Submit

The Elk Corporation has provided the following information: - Total sales were $3.120.000. - Beginning net accounts recelvable was $114,000. - Ending net accounts receivable was $166,000 - Sales returns and allowances $224,000 What was Eks average collection period? Note: Use 365 days a year. Do not round intermediate calculations. Mutiple Choice 35.40 dinys 1765ders 1630dm 1600dms