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: (Round your intermediate calculations to 2 decimal places.)
A. 39.1 days
B. 45.1 days
C. 57.5 days
D. 54.3 days
Answer: D
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