Answer:
52.81 days
Explanation:
First, we need to calculate sales
Asset turnover rate = Net sales / Total asset
Asset turnover = 1.40
Total assets = $211,800
Net sales = x
1.40 = x / $211,800
x = $211,800 × 1.40
x = $296,520
Net sales = $296,520
Therefore, number of receivable days
= Account receivables / Sales (revenue)
= $42,900 / $296,520 × 365 days
= 52.81 days
