Kanji Company had sales last year of Rs. 265 million, including cash sales of Rs. 25 million. If its average collection ** was 36 days, its ending accounts receivable balance is closest to...... .(Assume a 365-day year.)
a) Rs. 26.1 million
b) Rs. 23.7 million
c) Rs. 7.4 million
d) Rs. 18.7 million
