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Guttery Corporation has provided the following financial data from its balance sheet Year 2 Year 1 Accounts receivable $112,000 $110,000 Inventory Total assets $174,000 $150,000
Guttery Corporation has provided the following financial data from its balance sheet Year 2 Year 1 Accounts receivable $112,000 $110,000 Inventory Total assets $174,000 $150,000 $1.236,000 $1250 050 Sales on account in Year 2 totaled $1450,000 and cost of goods sold totaled $900,000. The company's average sale period (turnover in days) for Year 2 is closest to: O 65.6 days O 226.6 days O 43.8 days O 70.6 days
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