The following information is available for Pearl Corp. for the past two years: Accounts Receivable Net Cash Sales Net Credit Sales Total Net Sales 20X3 20X2 $760,000 $490,000 $4,000,000 $3,000,000 6,000,000 5,000,000 $10,000,000 $8,000,000 Question: Assuming a 365-day calendar year, what is the average collection period for accounts receivable in 20X3? Round each calculation to two decimal points. Answer 7.90 days 16.00 days 22.81 days 46.20 days 38.02 days 9.60 days Next page ?