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Boxing Cat Company reported the following data at the end of 20X7: Sales revenue (75%...

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Accounting

Boxing Cat Company reported the following data at the end of 20X7: Sales revenue (75% on credit) $300,000 Expenses 60,000 Trade receivables, net at December 31, 20X7(a decrease of $4,000 compared to Dec 31, 20X6 8,000 Total assets 200,000 Shareholders' equity 150,000 Assume a 365-day year What was the average number of days to collect receivables during 20X7? Multiple Choice 36.5 16.2 14.3

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