Waterway Corporation had net income of $ 211000 and paid dividends to common stockholders of $ 45000 in 2020. The weighted average number of shares outstanding in 2020 was 50000 shares. Waterway Corporation's common stockis selling for $84.40 per share on the New York Stock Exchange Waterway Corporation's price-earnings ratio is O 3.3 times O 25.4 times O 18.0 times 0 20.0 times Vaughn Clothing Store had a balance in the Accounts Receivable account of $ 480000 at the beginning of the year and a balance of 450000 at the end of the year. Net credit sales during the year amounted to $5812500. The average collection period of the receivables in terms of days was O 30.1 days. O 28.1 days 0 365 days O 28.3 days