The Following Information Is Available for the Wetzel Company What Is the Average Collection Period in Days for the

Multiple Choice

The following information is available for the Wetzel Company:
$\begin{array} { l } \text {Net income for the year ended December 31,2014 }&\$127.4\\ \text {Credit sales for the year ended December 31,2014 }&\$1,606.0\\ \text {Retained earnings, December 31,2014 }&150.0\\ \text {Retained earnings, December 31, 2013 }&180.0\\ \text {Total assets, December 31, 2014 }&470.0\\ \text {Total assets, December 31, 2013 }&442.0\\ \text { Total liabilities, December 31, 2014}&240.0\\ \text { Total liabilities, December 31, 2013}&182.0\\ \text {Accounts Receivable, December 31, 2014 }&180.0\\ \text {Accounts Receivable December 31,2013 }&144.0\\\end{array}$

What is the average collection period in days for the year ended December 31,2014?

A) 5.0
B) 36.8
C) 40.9
D) 77.3