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Question
in the table below the information for four companies is provided.
| Company | Receivables turnover | Average collection period |
| Martin | 13.9 | 26.3 |
| Lewis | 13.3 | 27.4 |
| Danforth | 10.4 | 35.1 |
| Garner | 14.5 | 25.2 |
| Industry Average | 13.0 | 28.1 |
if garner's net credit sales are $290,000, what are its average net receivables?
a.$11,508
b.$20,000
c.$42,050
d.$73,080
Answer
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