Average Collection Period Of The Receivables 547950

Walker Clothing Store had a balance in the Accounts Receivable account of $390,000 at the beginning of the year and a balance of $410,000 at the end of the year. Net credit sales during the year amounted to $2,000,000. The average collection period of the receivables in terms of days was:

a.30 days.

b.365 days.

c.146 days.

d. 73 days