Data from Dunshee Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.The average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) 1.1 days
B) 0.9 days
C) 84.3 days
D) 87.3 days

Question

Data from Dunshee Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.The average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) 1.1 days 
B) 0.9 days 
C) 84.3 days 
D) 87.3 days

Quizplus · Accepted Answer

The Answer of Data from Dunshee Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.The average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) 1.1 days 
B) 0.9 days 
C) 84.3 days 
D) 87.3 days

Data from Dunshee Corporation's Most Recent Balance Sheet Appear Below