The following balance sheet information was provided by Western Company:AssetsYear 2 Year 1Cash$4,000  $2,000 Accounts receivable 15,000   12,000 Inventory$35,000  $38,000 Assuming Year 2 net credit sales totaled $270,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.)

A. 20.28 days
B. 18.25 days
C. 16.22 days
D. 47.31 days


Answer: B

Business

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