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Marie's Clothing Store had an accounts receivable balance of $410,000 at the beginning of the year and a year-end balance of $560,000. Net credit
Marie's Clothing Store had an accounts receivable balance of $410,000 at the beginning of the year and a year-end balance of $560,000. Net credit sales for the year totaled $2,400,000. The average collection period of the receivables was: (Round any intermediary calculations to two decimal places and your final answer to the nearest day.) OA. 11 days B. 74 days C. 85 days OD. 62 days
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