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

question 54

Multiple Choice

Data from Davoren Corporation's most recent balance sheet and income statement appear below: $\begin{array}{lrr}&\text { This Year } & \text { Last Year } \\\text { Accounts receivable. }&\$ 114,000 & \$ 112,000 \\\text { Inventory. }&\$ 160,000 & \$ 189,000 \\\text { Sales on account }&\$ 716,000 & \\\text { Cost of goods sold }&\$ 522,000 &\end{array}$

The average sale period for this year is closest to:

• A)55.7 days
• B)64.4 days
• C)112.0 days
• D)122.1 days

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Definitions:

ECG Machine

A diagnostic tool that records the electrical activity of the heart over a period of time, used to detect heart diseases and monitor heart health.

Galvanometer

An instrument that measures current by electromagnetic action.

Augmented

Refers to leads 4, 5, and 6 of the standard 12-lead ECG tracing; these leads are of different voltage.

Echocardiography

Ultrahigh-frequency sound waves directed toward the heart to evaluate function and structure of the organ.