Granger Company Had $180,000 in Sales on Account Last Year

Multiple Choice

Granger Company had $180,000 in sales on account last year.The beginning accounts receivable balance was $10,000,and the ending accounts receivable balance was $18,000.The company's average collection period (age of receivables) was closest to which of the following?

A) 20.28 days.
B) 28.39 days.
C) 36.50 days.
D) 56.78 days.