Box Company reported the following data at the end of 2001:
Sales revenue (75% on credit) $300,000
Expenses (26% on credit) 60,000
Accounts Receivable, net at Jan. 1, 2001 12,000
Accounts receivable, net at December 31, 2001 8,000
Total Assets 200,000
Stockholders' equity 150,000
Assume a 365 day year
The average number of days to collect receivables during 2001 was
A) 16.2.
B) 14.3.
C) 36.5.
D) 21.9.
E) None of the above is correct.