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

Question 168

Multiple Choice

Data from Gofman Corporation's most recent balance sheet appear below: Data from Gofman Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900. -The average collection period for Year 2 is closest to: A) 0.9 days B) 39.3 days C) 36.5 days D) 1.2 days Sales on account in Year 2 amounted to $1,300 and the cost of goods sold was $900.
-The average collection period for Year 2 is closest to:


A) 0.9 days
B) 39.3 days
C) 36.5 days
D) 1.2 days

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