It Takes Your Firm 3

It takes your firm 3.5 days to prepare and mail out the monthly statements to your customers. On average, the mail time between your firm and your customers is 4.5 days. Customer checks take an average of 3 days to clear the bank. You have determined that your total collection time is 13 days. How long on average does it take your firm to process the payments from customers?

A) 2.0 days
B) 5.0 days
C) 5.5 days
D) 6.5 days
E) 11.0 days