For a Firm, the Receivables Turnover Is 33

Multiple Choice

For a firm, the receivables turnover is 33.5, the closing inventory is $120,000, and the accounts payable balance is $52,000. Assuming there are 360 days in a year, the receivables collection period is:

A) 19.23 days.
B) 13.77 days.
C) 14.56 days.
D) 12.25 days.
E) 10.75 days.