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Data from Davoren Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receivable $114,000 $112,000 Inventory $160,000 $189,000 Sales
Data from Davoren Corporation's most recent balance sheet and income statement appear below:
This Year | Last Year | |
Accounts receivable | $114,000 | $112,000 |
Inventory | $160,000 | $189,000 |
Sales on account | $716,000 | |
Cost of goods sold | $522,000 |
The average sale period for this year is closest to: (Assume 365 days a year. Do not round intermediate calculations and round your answer to 1 decimal place.) |
64.4 days
112.0 days
122.1 days
55.7 days
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