-The Firm's Average Collection Period Is: (Use 365 Days in r

$\begin{array}{l}\text { LIABILITIES AND SHAREHOLDERS' EQUITY }\\\begin{array} { l r } \text { Accounts payable } & \$ 60,000 \\\text { Accrued expenses } & 40,000 \\\text { Long-term debt } & 130,000 \\\text { Common stock } & 80,000 \\\text { Retained earnings } & \underline { 100,000 } \\\text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 }\end{array}\end{array}$

-The firm's average collection period is: (Use 365 days in a year.)

A) 31 days.
B) 25 days.
C) 12 days.
D) 20 days.