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

Multiple Choice

Trendy Traders reported total sales amounting to $1,000,000 in the year 2015,of which 80% were on credit.At 31 December,customers owed $100,000.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) 46 days.