QUESTION 1 1 points Save Answer Refer to the financial statements below to answer the following questions: Items Beginning Ending Accounts Receivable $7,520 (A/R) Inventory 9,870 Accounts Payable 8,490 (A/P) Total (credit) $85,000 sales Cost of Goods 59,000 Sold (COGS) What is the average days sales outstanding in receivables (receivables collection period)? 31 days 33 days 35 days 47 days None of the above $7,840 10,460 8,650 QUESTION 2 points Save Answer Refer to the financial statements below to answer the following questions: Items Beginning Ending Accounts Receivable $7,520 (A/R) Inventory 9,870 Accounts Payable 8,490 (A/P) Total (credit) $85,000 sales Cost of Goods 59,000 Sold (COGS) What is the average days sales in inventory (inventory processing period)? 44 days 61 days 63 days 65 days None of the above. $7,840 10,460 8,650