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The following balance sheet information was provided by Western Company: Assets Cash Accounts receivable Inventory Year 1 $ 3,000 $ 2,500 $20,000 $18,000 $34,000 $40,000
The following balance sheet information was provided by Western Company: Assets Cash Accounts receivable Inventory Year 1 $ 3,000 $ 2,500 $20,000 $18,000 $34,000 $40,000 Year 2 Assuming Year 2 net credit sales totaled $130,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice 50.50 days 106.70 days 53.30 days
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