Zemrowski Company Has the Following Data Available What Is the Average Collection Period for the Fiscal Year

Multiple Choice

Zemrowski Company has the following data available:
$\begin{array} { l } \text {Credit Sales for the year ended December 31,2015 }&\$500 \\ \text { Cash Sales for the year ended December 31,2015 }&\$ 400\\ \text {Cost of Goods Sold for the year ended December 31,2015 }&\$290 \\ \text { Total Accounts Receivable, December 31, 2015}&\$200 \\ \text {Total Accounts Receivable, December 31, 2014 }&\$100 \\ \text { Total Inventory, December 31, 2015}&\$200 \\ \text {Total Inventory, December 31, 2014 }&\$250 \\\end{array}$

What is the average collection period for the fiscal year ending December 31,2015?

A) 110 days
B) 150 days
C) 220 days
D) 283 days