The Following Information Is Taken from Reagan Company's December 31

The following information is taken from Reagan Company's December 31 balance sheet:
$$\begin{array} { | l | r| } \hline \text { Cash and cash equivalents } & \$ 8,419 \\\hline \text { Accounts receivable } & 70,422 \\\hline \text { Merchandise inventories } & 60,362 \\\hline \text { Prepaid expenses } & 4,100 \\\hline \text { Accounts payable } & \$ 14,950 \\\hline \text { Notes payable } & 86,638 \\\hline \text { Other current liabilities } & 9,500 \\\hline\end{array}$$
If net credit sales for the current year were $612,000,the firm's days' sales uncollected for the year is: (Use 365 days a year.)

A) 60 days
B) 85 days
C) 42 days
D) 154 days
E) 70 days