Excerpts from Sydner Corporation's Most Recent Balance Sheet Appear Below

question 178

Multiple Choice

Excerpts from Sydner Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900. The average collection period for Year 2 is closest to:

• A)55.1 days
• B)0.9 days
• C)1.1 days
• D)57.8 days

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