Garham Company had $360,000 in sales on account last year. Thebeginning accounts receivable balance was $20,000 and the endingaccounts receivable balance was $36,000. The company's averagecollection period (age of receivables) was closest to:
| | 20.28 days. |
| | 28.39 days. |
| | 36.50 days. |
| | 56.78 days. |
