Data from Estrin Corporation's Most Recent Balance Sheet and Income

question 194

Multiple Choice

Data from Estrin Corporation's most recent balance sheet and income statement appear below:
$\begin{array}{lll}&\text { This Year}&\text { Last Year }\\\text { Accounts receivable ........ } & \$ 109,000 & \$ 106,000 \\\text { Inventory .................... } & \$ 139,000 & \$ 158,000 \\\text { Sales on account ........... } & \$ 787,000 & \\\text { Cost of goods sold.......... } & \$ 501,000 &\end{array}$ The average sale period for this year is closest to:

• A) 101 days
• B) 50 days
• C) 108 days
• D) 45 days

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Definitions:

Intercarpal

Pertaining to the joints and movements between the carpal bones of the wrist.

Intertarsal

Relating to the joints between the tarsal bones in the foot, contributing to foot movement and flexibility.

ACL

The anterior cruciate ligament, a key ligament that stabilizes the knee joint.

Modified Hinge Joint

A type of synovial joint that allows predominantly bending motion like a hinge but with limited rotational movement for added flexibility.