The Monster 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 $626,000. Cost of goods sold average 34 percent of sales and the profit margin is 4.7 percent. The average accounts receivable balance is $34,900. On average, how long does it take the company to collect payment for its services? Assume 365 days per year.

-18.96 days

-16.79 days

-17.94 days

-20.35 days

-18.65 days