Whirlwind Company Sells to Retail Appliance Stores on Credit Terms

Whirlwind Company sells to retail appliance stores on credit terms of net 30.Annual credit sales are $182,500,000 spread evenly throughout the year and its accounts average 20 days overdue.The firm's variable cost ratio is 0.70.Determine Whirlwind's average investment in receivables.(Assume 365 days per year an all calculations.)

A) $17,500,000
B) $25,000,000
C) $15,000,000
D) cannot be determined from the information provided