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Data from Kooistra Corporation's Most Recent Balance Sheet Appear Below

Question 133

Multiple Choice

Data from Kooistra Corporation's most recent balance sheet appear below: Data from Kooistra Corporation's most recent balance sheet appear below: Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770. -The average collection period for Year 2 is closest to: A) 0.9 days B) 38.8 days C) 40.2 days D) 1.1 days Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770.
-The average collection period for Year 2 is closest to:


A) 0.9 days
B) 38.8 days
C) 40.2 days
D) 1.1 days

Correct Answer:

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