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Problem 3-? A firm has sales of $2.5 milion, and 15 percent of the sales are for cash. The year-end accounts receivable balance is $180,000.

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Problem 3-? A firm has sales of $2.5 milion, and 15 percent of the sales are for cash. The year-end accounts receivable balance is $180,000. What is the average collection period? (Use a 360-days or 365-days. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Prahlem 1-22 Overall ratio analysis

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