Data from Keniston Corporation's most recent balance sheet and income statement appear below: This YearLast YearAccounts 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:
A. 39.1 days
B. 54.3 days
C. 45.1 days
D. 57.5 days
Answer: B
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