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Question 6 5 pts Hexagon Company makes all sales on account. During the current year, Hexagon has an average accounts receivable balance of $25,000,
Question 6 5 pts Hexagon Company makes all sales on account. During the current year, Hexagon has an average accounts receivable balance of $25,000, an average inventory balance of $96,000, cost of goods sold of $345,000, and net income of $117,000. If Hexagon's gross margin percentage is 40%, what was its average collection period? Round to one decimal point. 13.4 days 15.9 days 18.4 days 10.6 days O None of the above
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