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Calculate the age of receivables of wild cart inc

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Question 1: Wild Cart Inc. made sales of $730,000 during Year Two. Cash of $720,000 was collected and no accounts were written off as uncollectible. The beginning balance of accounts receivable was $20,000. Calculate the age of receivables of Wild Cart Inc. at the end of Year Two.

Group of answer choices

Option 1: 15 days

Option 2: 24.3 days

Option 3: 36.5 days

Option 4: 12.5 days

Reference no: EM132588427

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