The financial statements of pomegranate produce contained the following information: net sales revenue $ 1,000,000 net accounts receivable, end of year 120,000 the average length of time it takes for pomegranate produce to collect accounts receivable is approximately: a) 120 days. b) 84 days. c) 72 days. d) 58 days.

Here is an analogy comparing between unwrapping a present and unwrapping an equation. Both actions do require following a process. You cannot just skip one step in order to arrive at the answer. Just like unwrapping a present, you need to do it in order. First, you take off the ribbon, then you start to unwrap the wrapper until you see the actual gift. On the other hand, when you are unwrapping an equation, you also follow a certain step. You are given a certain formula and values. What you need to do next is to substitute, do the solution, until it is simplified. And lastly, there you have it. You can now see the actual answer. Hope this answer helps.