South Sea's sales were $60,000 for 2011 and $45,000 for 2012. Average net receivables were $4,000 for both 2011 and 2012. The average collection period for 2011 was ________.
A) 24.3 days
B) 11.25 times
C) 32.4 days
D) 15 times

Q&A Education