The Perry Company reported Accounts Receivable, Net of $65,400 at the beginning of the year and $73,200 at the end of the year. If the company's net sales revenue during the fourth year was $888,000, what are the days to collect during year? (Round all calculations to 1 decimal place.)

Multiple Choice

• 30.1

• 28.5

• 12.1

• 8.2

Here is what I did, but it's not correct since it is not an option given.

Avg Receivables= Beg Receivables + Ending Receivables /2

=65,400+73,200/2

=727,200/2 =$363,600

Receivable turn over= Net Sales/ Avg Receivables

=888,000/65,400 =5.56 days to collect during year

= 365/ Receivable turn over =365/5.56 =65.64