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

Question 187

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Data from Dunshee Corporation's most recent balance sheet appear below:
 Year 2  Year 1  Current assets:  Cash$130$100 Accounts receivable, net.270290Inventory 90110Prepaid expenses 1010 Total current assets. $500$510 Total current liabilities $230$220\begin{array}{lrr}&\text { Year 2 } & \text { Year 1 } \\\text { Current assets: }\\\text { Cash}&\$ 130 & \$ 100 \\\text { Accounts receivable, net.}&270 & 290 \\\text {Inventory }&90 & 110 \\\text {Prepaid expenses }&10 & 10\\\text { Total current assets. }&\$500&\$510\\\text { Total current liabilities }&\$230&\$220\end{array} Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.
-The average sale period for Year 2 is closest to:


A) 28.1 days
B) 45.0 days
C) 50.0 days
D) 227.7 days

Correct Answer:

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