Data from Gofman Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The average sale period for Year 2 is closest to:
A) 97.3 days
B) 89.2 days
C) 67.4 days
D) 252.7 days

Question

Data from Gofman Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The average sale period for Year 2 is closest to:
A) 97.3 days 
B) 89.2 days 
C) 67.4 days 
D) 252.7 days

Quizplus · Accepted Answer

The Answer of Data from Gofman Corporation's most recent balance sheet appear below:  Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The average sale period for Year 2 is closest to:
A) 97.3 days 
B) 89.2 days 
C) 67.4 days 
D) 252.7 days

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