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Guttery Corporation Has Provided the Following Financial Data from Its

Question 105

Multiple Choice

Guttery Corporation has provided the following financial data from its balance sheet: 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 sale period (turnover in days) for Year 2 is closest to: A) 65.6 days B) 226.6 days C) 43.8 days D) 70.6 days Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000. The company's average sale period (turnover in days) for Year 2 is closest to:


A) 65.6 days
B) 226.6 days
C) 43.8 days
D) 70.6 days

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