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Data from Estrin Corporation's most recent balance sheet and income statement appear below:This ...

linv08

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Data from Estrin Corporation's most recent balance sheet and income statement appear below:This ...

Data from Estrin Corporation's most recent balance sheet and income statement appear below:

	This Year	Last Year
Accounts receivable	$ 109,000	$ 106,000
Inventory	$ 139,000	$ 158,000
Sales on account	$ 787,000
Cost of goods sold	$ 501,000

The average sale period for this year is closest to: (Round your intermediate calculations to 2 decimal places.)

▸ 101 days

▸ 50 days

▸ 108 days

▸ 45 days

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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More solutions for this book are available here

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Thanks

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