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Rike Company for the year ended December 31, appears here: 2020 2019 Accounts Receivable,net 180,000 200,000 Inventory 140,000 160,000 Total Assets 1,200,000 800,000 Current Liabilities

Rike Company for the year ended December 31, appears here:

2020

2019

Accounts Receivable,net

180,000

200,000

Inventory

140,000

160,000

Total Assets

1,200,000

800,000

Current Liabilities

140,000

110,000

Long-term debt

400,000

300,000

Net Credit Sales

1,330,000

700,000

Cost of Goods Sold

900,000

530,000

Interest Expense

50,000

25,000

Income tax expense

60,000

29,000

Net Income

150,000

85,000

Determine the company's average collection period for 2020.

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