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Spirit of the Suwannee Craft Store had a balance in the Accounts Receivable account of $437,500 at the on January 1, 2019 and a balance

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Spirit of the Suwannee Craft Store had a balance in the Accounts Receivable account of $437,500 at the on January 1, 2019 and a balance of $500,000 on Dec 31, 2019. Net credit sales for 2019 amounted to $3,500,000. The average collection period of the receivables in terms of days was Select one: a. 45.6 days b. 48.6 days c. 99 days d. 57 days

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