Trendy Traders Reported Total Sales Amounting to $1,800,000 in the Year

Multiple Choice

Trendy Traders reported total sales amounting to $1,800,000 in the year 2018, of which 80% were on credit. At 31 December, customers owed $200,000. If the firm operates for 365 days a year, how long, on average, does it take to collect money from its debtors?

A) 29 days.
B) 13 days.
C) 10 days.
D) 51 days.