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

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

Correct Answer:

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