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CoronadoShop had a balance in the Accounts Receivable account of $767,000 at the beginning of...

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Accounting

CoronadoShop had a balance in the Accounts Receivable account of $767,000 at the beginning of the year and a balance of $1,025,000 at the end of the year. Net credit sales during the year amounted to $13,081,600. The average collection period of the receivables in terms of days was

  • A. 21.4 days.

  • B. 25.0 days.

  • C. 22.3 days.

  • D. 7.3 days.

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