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Home Q & A Board Other Fields Homework Help Business Accounting
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deodeo deodeo
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10 months ago

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

This YearLast Year
Accounts receivable$ 128,000$ 114,000
Inventory$ 228,000$ 193,000
Sales on account$ 813,000
Cost of goods sold$ 597,000

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



▸ 39.1 days

▸ 45.1 days

▸ 54.3 days

▸ 57.5 days
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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shindh02shindh02
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10 months ago
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deodeo Author
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10 months ago
this is exactly what I needed
Natalie Price
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Yesterday
Thanks for your help!!
bkrandy
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2 hours ago
Thank you, thank you, thank you!
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