The Hot Truck operates several specialty vehicles that provide hot food and beverages for firms that have

workers employed in outlying regions. The company has annual sales of $337,600. Cost of goods sold

average 48 percent of sales and the profit margin is 5.2 percent. The average accounts receivable balance

is $44,700. On average, how long does it take The Hot Truck to collect payment for its services?

A. 23.84 days

B. 24.17 days

C. 47.67 days

D. 48.33 days

E. 51.90 days