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The following data are for Conke Company: Accounts Payable Accounts Receivable $900 190 Capital Stock 1,420 Cash 670 Cost of Goods Sold 1,600 Inventory 3,600

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The following data are for Conke Company: Accounts Payable Accounts Receivable $900 190 Capital Stock 1,420 Cash 670 Cost of Goods Sold 1,600 Inventory 3,600 Long-term Debt 4,200 440 1,500 Net Income Property. Plant, and Equipment (net) Retained Earnings Sales (180) 3,200 Note: The retained earnings amount reported is as of the END of the year (after the closing entries have been made) and is a NEGATIVE amount. Compute Average Collection Period (also called "Number of Days' Sales in Receivable) O 21.7 days O 679.8 days O 821.3 days O 77.1 days 182.5 days O 13.6 days O 102.7 days 162.2 days

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