The financial statements of a company reports net credit sales of $460,000. It also reports inventory of $80,000 and $60,000 at the beginning of the year and end of year, respectively. Its average net accounts receivable is $52,500. What is the average collection period for accounts receivable in days (rounded)? 41.7 days 27.8 days 22.1 days 48.6 days 15.6 days