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WaterwayShop had a balance in the Accounts Receivable account of $760,000 at the beginning of...

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Accounting

WaterwayShop had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $978,000 at the end of the year. Net credit sales during the year amounted to $4,345,000. The average collection period of the receivables in terms of days was

  • A. 63.8 days.

  • B. 73.0 days.

  • C. 64.7 days.

  • D. 2.5 days.

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