Question

The following information is available:


Net accounts receivable, December 31, 2015 $ 394,200
Net accounts receivable, December 31, 2016 435,900
Net credit sales for 2015 3,521,400
Net credit sales for 2016 3,795,300

The days to collect for 2016 is closest to:

A) 40 days.

B) 41 days.

C) 43 days.

D) 42 days.

Answer

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