Question: QUESTION 16 PPP Widget Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of

QUESTION 16 PPP Widget Store had a balance in the Accounts

QUESTION 16 PPP Widget Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. Net credit sales during the year amounted to $7,200,000. The average collection period of the accounts receivable in terms of days was O 30 days. O 81.1 days. 42.4 days. 40.6 days

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