Financial Statements for Orantes Company Appear Below

Multiple Choice

Financial statements for Orantes Company appear below:






Total dividends during Year 2 were $181,000, of which $12,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $280.
-Orantes Company's average sale period (turnover in days) for Year 2 was closest to which of the following?

A) 18.9 days.
B) 24.7 days.
C) 27.1 days.
D) 35.5 days.