Question
Data from Estrin Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receivable $ 105,000 $ 103,000 Inventory $
Data from Estrin Corporation's most recent balance sheet and income statement appear below:
| This Year | Last Year | ||||||||||
| Accounts receivable | $ | 105,000 | $ | 103,000 | |||||||
| Inventory | $ | 151,000 | $ | 180,000 | |||||||
| Sales on account | $ | 707,000 | |||||||||
| Cost of goods sold | $ | 544,495 | |||||||||
The average sale period for this year is closest to: (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
-
110.9 days
-
101.0 days
-
58.9 days
-
50.2 days
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Financial Accounting Second Custom Edition For The University Of Central Florida
Authors: Walter T. Jr, Horngren Harrison
2nd Custom Edition
0536986002, 978-0536986009
