q19

Accounts receivable, in last year's balance sheet, was $325,000, as opposed to $341,000 in the current year's financial statements. The net sales for the current year was $1,150,000. Calculate the account receivable's average collection period for the current year. Select one: a. 105 days b. 104 days c. 108 days d. 106 days e. 107 days