Guttery Corporation Has Provided the Following Financial Data from Its

question 105

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 average sale period (turnover in days) for Year 2 is closest to:

• A)65.6 days
• B)226.6 days
• C)43.8 days
• D)70.6 days

---

Definitions:

Reagent

A material or blend employed in chemical processes for the detection, quantification, analysis, or generation of different materials.

NaOH

Sodium hydroxide, a strong base used in various chemical reactions and industrial applications.

Ag(NH3)2+

The diamminesilver(I) ion, a complex ion used in the Tollens' test for aldehyde detection, indicating the presence of an aldehyde group when it reduces to metallic silver.

H2CrO4

Chromic acid, a potent oxidizing agent utilized in organic chemistry for the oxidation of alcohols.