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Data from Dunshee Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $130 $100 Accounts receivable 270 290 Inventory 90
Data from Dunshee Corporation's most recent balance sheet appear below:
Year 2 | Year 1 | |
Current assets: | ||
Cash | $130 | $100 |
Accounts receivable | 270 | 290 |
Inventory | 90 | 110 |
Prepaid expenses | 10 | 10 |
Total current assets | $500 | $510 |
Total current liabilities | $230 | $220 |
Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. The average sale period for Year 2 is closest to:
45.0 days | ||
28.1 days | ||
227.7 days | ||
50.0 days |
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