Assume a company whose sales are all on account provided the following information: Gross margin percentage Cost of goods sold 40% $ 415,000 $ 20,000 Accounts receivable balance, beginning of the year Accounts receivable balance, end of the year Net income $ 30,000 $ 10,000 The average collection period is closest to: (Round accounts receivable turnover to the nearest whole number.) Multiple Choice O 15.54 days. 17.29 days. O 10.54 days. O 13.04 days.

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