Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)?
Assume 365 days a year.
Sales on account during year
$567,159
Cost of merchandise sold during year
171,674
Accounts receivable, beginning of year
45,955
Accounts receivable, end of year
48,787
Merchandise inventory, beginning of year
81,452
Merchandise inventory, end of year
109,404
a. 70.4 days
b. 110.5 days
c. 30.5 days
d. 61.4 days