Question 41 The following data are for Sanders Company: Accounts Payable $290 Accounts Receivable 380 Capital Stock 860 Cash 90 Cost of Goods Sold 1,470 Inventory 720 Long-term Debt 1,330 Net Income (48) Property, Plant, and Equipment (net) 620 Retained Earnings (120 Sales 2,390 Note: The retained earnings amount reported is as of the END of the year (after the closing entries have been made) and is a NEGATIVE amount. Compute AVERAGE COLLECTION PERIOD (also known as Number of Days Receivable). Note: If you need to compute the average balance for any account, assume that the beginning-of-year balance is the same as the end-of-year balance reported above. 58.04 days O 6.29 days 94.35 days O 2,295.66 days