Question: Use the table below to answer the following questions about the Jetton Company. Monthly Sales for the Jetton Company January February March April Sales 150,000

Use the table below to answer the following questions about the Jetton Company.

Monthly Sales for the Jetton Company

January

February

March

April

Sales

150,000

180,000

130,000

170,000

(%) Cash Sales

18%

26%

24%

19%

(%) Credit sales received when due in 30 days.

75%

70%

64%

70%

(%) Credit sales received late in 60 days.

12%

11%

Refer to the Monthly Sales for the Jetton Company. What is the average number of days to collect February sales for the JettonCompany?

19.75 days

45 days

23.4 days

30 days

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