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The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $3, 100 $2, 600 Accounts receivable $20, 500 $18,
The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $3, 100 $2, 600 Accounts receivable $20, 500 $18, 500 Inventory $35, 000 $41, 000 Assuming Year 2 net credit sales totaled $131,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice O 108.7 days O 57.1 days O 54.3 days O 51.5 days
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