Data from Dunshee Corporation's most recent balance sheet appear below: 
Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730. The average collection period for Year 2 is closest to:
Definitions:
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to assess profitability of investments.
After-Tax Cost
The actual cost of an investment or financing after taking into account the effects of taxation.
Cost of Equity
The theoretical compensation a company provides to its shareholders for the risk associated with investing their money.
Net Present Value
A method used in capital budgeting to analyze the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.
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