During the Year Tulip Reported Net Sales of $800,000

Multiple Choice

During the year Tulip reported net sales of $800,000. The company had accounts receivable of $75,000 at the beginning of the year and $120,000 at the end of the year Compute Tulip's average collection period (assume 365 days a year.)

A) 34.2 days
B) 44.5 days.
C) 54.8 days.
D) 89.0 days.