The Monster Truck Operates Several Specialty Vehicles That Provide Hot

The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers employed in outlying regions.The company has annual sales of $350,500.Cost of goods sold average 48 percent of sales and the profit margin is 5.2 percent.The average accounts receivable balance is $44,700.On average,how long does it take The Hot Truck to collect payment for its services?

A) 7.84 days
B) 24.17 days
C) 46.55 days
D) 48.33 days
E) 51.90 days