Guttery Corporation Has Provided the Following Financial Data from Its

question 113

Multiple Choice

Guttery Corporation has provided the following financial data from its balance sheet: Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) 71.2 days
• B) 93.5 days
• C) 18.6 days
• D) 41.0 days

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Definitions:

Buyers

Individuals or organizations that purchase goods or services for personal or organizational use.

Space Zone

An area designated for a specific purpose, often used in the context of physical or virtual spatial organization.

Hospital Administrator

A professional responsible for the management and coordination of healthcare services and operations within a hospital setting.

Social

Social pertains to the activities, practices, or processes involving individuals or groups in a community or society.