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Marigold Clothing Store had net Accounts Receivable of $765000 at the beginning of the year and $868000 at the end of the year. Net credit
Marigold Clothing Store had net Accounts Receivable of $765000 at the beginning of the year and $868000 at the end of the year. Net credit sales during the year amounted to $5960450. The average collection period of the accounts receivable in terms of days for the year is (Round intermediate calculation to 3 decimal places and final answer to 1 decimal place.) O 39.4 days. O 100.0 days. O 50.0 days. O 53.0 days
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