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Piper, Inc. had net sales of $2,700,000 during 2016. On January 1, 2016, Pipers accounts...

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Accounting

Piper, Inc. had net sales of $2,700,000 during 2016. On January 1, 2016, Pipers accounts receivable were $640,000. On December 31, 2016, Pipers accounts receivable were $800,000.

What was Pipers average collection period for 2016? Please provide calculations so I can learn, thank you!

Select one: A. 108.1 days B. 15.5 days C. 48.7 days D. 97.3 days

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