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Excerpts from Shelton Corporation's Most Recent Balance Sheet Appear Below

Question 81

Multiple Choice

Excerpts from Shelton Corporation's most recent balance sheet appear below: Excerpts from Shelton Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,320 and the cost of goods sold was $890. -The average collection period for Year 2 is closest to: A) 1.1 days B) 69.1 days C) 0.9 days D) 66.4 days Sales on account in Year 2 amounted to $1,320 and the cost of goods sold was $890.
-The average collection period for Year 2 is closest to:


A) 1.1 days
B) 69.1 days
C) 0.9 days
D) 66.4 days

Correct Answer:

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