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Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 140 $ 160 Accounts receivable, net 210
Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 140 $ 160 Accounts receivable, net 210 230 Inventory 240 200 Prepaid expenses 10 10 Total current assets $ 600 $ 600 Total current liabilities $360 $ 330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. (Round your intermediate calculations to 2 decimal places.) The average collection period for Year 2 is closest to: Multiple Choice O 55.1 days 0.9 days 1.1 days 57.8 days
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