Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. The average sale period for Year 2 is closest to:
A)63.0 days
B)89.2 days
C)236.3 days
D)97.3 days

Question

Excerpts from Sydner Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. The average sale period for Year 2 is closest to:
A)63.0 days 
B)89.2 days 
C)236.3 days 
D)97.3 days

Quizplus · Accepted Answer

The Answer of Excerpts from Sydner Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. The average sale period for Year 2 is closest to:
A)63.0 days 
B)89.2 days 
C)236.3 days 
D)97.3 days

Excerpts from Sydner Corporation's Most Recent Balance Sheet Appear Below