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The Rye Corporation has provided the following information: Total sales were $1,285,000. Beginning net accounts receivable was $53,500. Ending net accounts receivable was $60,750. Sales

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The Rye Corporation has provided the following information: Total sales were $1,285,000. Beginning net accounts receivable was $53,500. Ending net accounts receivable was $60,750. Sales returns and allowances totaled $117,000. What was Rye's average collection period? (Use 365 days a year. Do not round intermediate calculations.) Multiple Choice 17.26 days. 17.85 days. 35.70 days. 16.23 days

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