Financial statements for Marcalo Company appear below:
-Marcalo Company's average sale period for Year 2 was closest to:
A) 20.6 days
B) 29.4 days
C) 30.0 days
D) 42.9 days

Question

Financial statements for Marcalo Company appear below:  
-Marcalo Company's average sale period for Year 2 was closest to:
A) 20.6 days 
B) 29.4 days 
C) 30.0 days 
D) 42.9 days

Quizplus · Accepted Answer

The average sale period is calculated as 365 days divided by the inventory turnover ratio. Without specific data, the closest choice is based on typical inventory turnover ratios, suggesting 29.4 days.

Financial Statements for Marcalo Company Appear Below