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

question 173

Multiple Choice

Excerpts from Zorra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,370 and the cost of goods sold was $850.
-The average sale period for Year 2 is closest to:

• A)55.9 days
• B)90.1 days
• C)83.7 days
• D)226.5 days

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