At year's end your company has cash of $10,500, receivables of $49,900, inventory of $40,200, and prepaid

Question:

At year's end your company has cash of $10,500, receivables of $49,900, inventory of $40,200, and prepaid expenses totaling $5,900, Liabilities of $56,500 must be paid next year. A year ago receivables stood at $68,100, and sales for the current year total $669,500. How many days did it take to collect your average level of receivables? (Assume 365days / year)