Multiple Choice
Guttery Corporation has provided the following financial data from its balance sheet:
Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.
-The company's average collection period for Year 2 is closest to:
A) 1.1 days
B) 28.2 days
C) 1.0 days
D) 27.9 days
Correct Answer:

Verified
Correct Answer:
Verified
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