Flo's Flowers Has Accounts Receivable of $4,511, Inventory of $1,810

Multiple Choice

Flo's Flowers has accounts receivable of $4,511, inventory of $1,810, sales of $138,609, and cost of goods sold of $64,003. How many days does it take the firm to sell its inventory and collect the payment on the sale assuming that all sales are on credit?

A) 11.88 days
B) 22.20 days
C) 16.23 days
D) 14.50 days
E) 18.67 days