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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Guttery Corporation Has Provided the Following Financial Data from Its