Answer:
The answer is $13.5 days
Explanation:
The average collection period for accounts receivable in days in a year is the number of days from selling goods and services on credit and the day it takes to receive cash.
It is calculated as average accounts receivable divided net sales multiply by the number of days in a year.
In the question, let's take the number of days in a year as 360days.
Average Accounts Receivable is
$10,000 + $5,000
$7,500.
Therefore, the number if days is now:
($7,500/$200,000) x 360days
=13.5 days
