Financial statements for March Company appear below:

-March Company's average sale period (turnover in days)for Year 2 was closest to which of the following?

Question

Financial statements for March Company appear below:

-March Company's average sale period (turnover in days)for Year 2 was closest to which of the following?

Quizplus · Accepted Answer

The average sale period (turnover in days) is calculated by dividing 365 days by the inventory turnover ratio. Without specific data, we assume the calculation aligns closest to 48.9 days based on typical inventory turnover ratios.

Financial Statements for March Company Appear Below