The following Information is taken from Reagan Company's December 31 balance sheet Cash and cash equivalents Accounts receivable Merchandise inventories Prepaid expenses Accounts payable Notes payable Other current liabilities $ 8,419 70,422 60, 362 4,100 $14,950 86,638 9,500 If net sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.) Multiple Choice 60 days 85 days 42 days 154 days 70 days