At year-end, Slippery has cash of $ 15 comma 000 , current accounts receivable of $ 30 comma 000 , merchandise inventory of $ 40 comma 200 , and prepaid expenses totaling $ 4 comma 700 . Liabilities of $ 60 comma 000 must be paid next year. Assume accounts receivable had a beginning balance of $ 60 comma 000 and net credit sales for the current year totaled $ 900 comma 000 . How many days did it take Slippery to collect its average level of receivables? (Assume 365 days/year. Round any interim calculations to two decimal places. Round the number of days to the nearest whole number.)
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At year-end, Slippery has cash of $ 15 comma 000 , current accounts receivable of $ 30 comma 000 , m...
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