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Potaw Company reported the following data at the end of 2016: Sales revenue (75% on credit) $330,000 Expenses (26% on credit) 63,000 Accounts receivable, net
Potaw Company reported the following data at the end of 2016:
| Sales revenue (75% on credit) | $330,000 |
| Expenses (26% on credit) | 63,000 |
| Accounts receivable, net at December 31, 2016 (a decrease of $5,500 during 2016) | 9,500 |
| Total assets | 230,000 |
| Stockholders' equity | 150,000 |
|
The average number of days to collect receivables during 2016 is closest to: (Do not round your intermediate calculations. Use 365 days a year.)
18.07. 10.51. 13.55. 38.39. | |
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