Valdez Company reported sales of $342,000; beginning net Accounts Receivable of $89,000 and ending net Accounts Receivable of $111,000. Valdez Company's receivable collection period (rounded to the nearest day)is:

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The receivable collection period is calculated as (Average Accounts Receivable / Sales) * 365. The average accounts receivable is ($89,000 + $111,000) / 2 = $100,000. Thus, the collection period is ($100,000 / $342,000) * 365 ≈ 107 days.

Valdez Company Reported Sales of $342,000; Beginning Net Accounts Receivable