Please Refer to Table 4-2 for the Following Questions

question 130

Multiple Choice

Please refer to Table 4-2 for the following questions.
Table 4-2
Drummond Company
Balance Sheet

-Based on the information in Table 4-2,the average collection period is

• A) 70 days.
• B) 81 days.
• C) 89 days.
• D) 127 days.

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Definitions:

Qualitative Data

Information that is descriptive and conceptual, often gathered through methods like interviews, observations, and subjective analysis, rather than numerical.

Decimal Places

The positions to the right of a decimal point in a number, each position representing a fraction of ten.

Row Totals

The sum of the values in a row within a table or matrix, reflecting the aggregate of those specific entries.

Chartjunk

Unnecessary or distracting visual elements in charts or graphs that hinder the viewer's ability to understand the presented data.