Rawe Corporations accounts receivable at the end of Year 2 was $337,000 and its accounts receivable at the end of Year 1 was $291,000. Sales, all on account, amounted to $1,383,000 in Year 2. The companys average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• 88.9 days

• 83.0 days

• 76.8 days

• 4.4 days