Jaminda's Holistic Healing Has Sales of $980,000, Cost of Goods

Multiple Choice

Jaminda's Holistic Healing has sales of $980,000, cost of goods sold of $765,250, and accounts receivable of $88,640.How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year.

A) 8.63 days
B) 15.5 days
C) 32.56 days
D) 33.01 days
E) 42.56 days