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Kingwood Wholesale has annual sales of RM514,900 and cost of goods sold of RM364,800. The average accounts receivable balance is RM28,400. How many days on

Kingwood Wholesale has annual sales of RM514,900 and cost of goods sold of RM364,800. The average accounts receivable balance is RM28,400. How many days on average does it take the firm to collect its accounts receivable?

A. 20.13 days

B. 22 days

C. 28.42 days

D. 29.03 days

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