Refer to the following table and income statement data:
| MARNI COMPANY | |
| Balance Sheet | |
| As of December 31 | |
| ASSETS: | |
| Cash | $50,000 |
| Accounts receivable | 100,000 |
| Inventory | 200,000 |
| Net plant and equipment | 650,000 |
| Total assets | $1,000,000 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY: | |
| Accounts payable | $100,000 |
| Accrued expenses | 90,000 |
| Long-term debt | 250,000 |
| Common stock | 100,000 |
| Paid-in capital | 50,000 |
| Retained earnings | 410,000 |
| Total liabilities and stockholders’ equity | $1,000,000 |
| Sales (all on credit) | $2,000,000 |
The firm’s average collection period is (assuming a 360-day calendar) _____.
