Data from Dunshee Corporation's Most Recent Balance Sheet Appear Below

question 109

Multiple Choice

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:

• A)1.1 days
• B)0.9 days
• C)84.3 days
• D)87.3 days

---

Definitions:

Freeholders

Historically, individuals who owned their land outright, without owing feudal duties or rents to a superior, often having specific political rights or privileges in their locality.

Suffrage

The entitlement to participate in political elections by casting a vote.