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The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers emplo The company has annual sales of

The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers emplo The company has annual sales of $629,300. Cost of goods sold average 45 percent of sales and the profit margin is 5.8 perce receivable balance is $36,000. On average, how long does it take the company to collect payment for its services? Assume 36
Multiple Choice
19.14 days
17.23 days
20.88 days
17.48 days
25.74 days
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