Question: Use the selected financial data from GEX Company to answer questions : Inventory$57 million Accounts receivable52 million Current assets129 million Total assets324 million Accounts payable36

Use the selected financial data from GEX Company to answer questions :

Inventory$57 million

Accounts receivable52 million

Current assets129 million

Total assets324 million

Accounts payable36 million

Current liabilities61 million

Total liabilities163 million

Total stockholder's equity161 million

Net sales345 million

Cost of goods sold248 million

Operating profit23 million

Income tax expense4 million

Net profit11 million

c, Calculate average collection period.

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