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 collection period for Year 2 is closest to:
A) 57.3 days
B) 53.3 days
C) 0.9 days
D) 1.2 days
Correct Answer:
Verified
Correct Answer:
Verified
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