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Laventhol Corporation had accounts receivable of $100.000 at January 1. The only transactions affecting accounts receivable during the year were sales of $1,050,000 and cash

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Laventhol Corporation had accounts receivable of $100.000 at January 1. The only transactions affecting accounts receivable during the year were sales of $1,050,000 and cash collections of $1,000,000, bringing the balance in accounts receivable to $150,000 on December 31. The days in accounts receivable (rounded to the nearest day) are O 35 days. O 43 days. O 52 days. 47 days

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