Grapp Company Had $130,000 in Sales on Account Last Year

question 154

Multiple Choice

Grapp Company had $130,000 in sales on account last year.The beginning accounts receivablebalance was $18,000,and the ending accounts receivable balance was $16,000.The company's average collection period (age of receivables) was closest to which of the following? Do not round intermediate calculations.

• A) 44.92 days.
• B) 47.73 days.
• C) 50.54 days.
• D) 95.46 days.

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