Peterboro Supply has a current accounts receivable balance of $391,648.Credit sales for the year just ended were $5,338,411.How long did it take on average for credit customers to pay off their accounts during the past year? Assume a 365-day year.
A)24.78 days
B)26.78 days
C)29.09 days
D)31.15 days
E)33.33 days

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The Answer of Peterboro Supply has a current accounts receivable balance of $391,648.Credit sales for the year just ended were $5,338,411.How long did it take on average for credit customers to pay off their accounts during the past year? Assume a 365-day year.
A)24.78 days
B)26.78 days
C)29.09 days
D)31.15 days
E)33.33 days

Peterboro Supply Has a Current Accounts Receivable Balance of $391,648