Question: Please provide the answer to this general accounting question with proper steps. RB Shoe Store had a balance in the Accounts Receivable account of $325,800

Please provide the answer to this general accounting question with proper steps.

RB Shoe Store had a balance in the Accounts Receivable account of $325,800 at the beginning of the year and a balance of $260,900 at the end of the year. Net credit sales during the year amounted to $3,012,100. The average collection period of the receivables in terms of days was: a. 35.5 days. b. 39.5 days. c. 31.6 days. d. 365 days

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