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At year-end, Stick has cash of $9,000, current accounts receivable of $50,000, merchandise...

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Accounting

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At year-end, Stick has cash of $9,000, current accounts receivable of $50,000, merchandise inventory of $21,000, and prepaid expenses totaling $4,100 Liabilities of $20,000 must be paid next year. Assume accounts receivable had a beginning balance of $10,000 and net credit sales for the current year totaled $300,000. How many days did it take Stick to collect its average level of receivables? (Assume 365 days/year. Round any interim calculations to two decimal places. Round the number of days to the nearest whole number.) OA. 37 OB, 73 . 61 O D. 12

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