1. NewGuy Corporation reports sales of $10,000,000 for Year 2, with a gross profit margin of 40%. 20% of NewGuy's sales are on credit.

   	Year 1	Year 2
   Accounts Receivable	150,000	170,000
   Inventory	900,000	1,000,000
   Accounts Payable	1,100,000	1,200,000

   Accounts Receivable Days Outstanding at the end of Year 2 is closest to:

   	a.	26 days
   	b.	6 days
   	c.	25 days
   	d.	31 days