Please provide also the solutions. Thank you! This Year: Accounts receivable = P135,000 Inventory = P136,000 Sales on account = P698,000 Cost of goods sold = P429,000 Last year : Accounts Receivable =...

Please provide also the solutions. Thank you!

This Year:

Accounts receivable = P135,000

Inventory = P136,000

Sales on account  = P698,000

Cost of goods sold = P429,000

Last year:

Accounts Receivable = P119,000

Inventory = P155,000

The average collection period for this year is closest to
a.65 days
b.56 days
c.80 days
d.90 days