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Potaw Company reported the following data at the end of 2016: Sales revenue (70% on credit) $340,000 Expenses (27% on credit) 64,000 Accounts receivable, net
Potaw Company reported the following data at the end of 2016: Sales revenue (70% on credit) $340,000 Expenses (27% on credit) 64,000 Accounts receivable, net at December 31, 2016 (a decrease of $6,000 during 2016) 10,000 Total assets 240,000 Stockholders' equity 160,000 The average number of days to collect receivables during 2016 is closest to: (Do not round your intermediate calculations. Use 365 days a year.)[
1. 19.94.
2. 13.96.
3. 37.49.
4. 10.74.
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