Marie's Clothing Store Had an Accounts Receivable Balance of $420,000

Multiple Choice

Marie's Clothing Store had an accounts receivable balance of $420,000 at the beginning of the year and a year-end balance of $580,000.Net credit sales for the year totaled $3,600,000.The average collection period of the receivables was: (Round any intermediary calculations to two decimal places and your final answer to the nearest day. )

A) 43 days.
B) 59 days.
C) 51 days.
D) 8 days.