Freiman Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars)

Assets Year 2 Year 1
Current assets:
Cash $160 $120
Accounts receivable, net 220 240
Inventory 120 130
Prepaid expenses 40 40
Total current assets 540 530
Plant and equipment, net 700 700
Total assets $1,240 $1,230

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $130 $150
Accrued liabilities 90 90
Notes payable, short term 60 70
Total current liabilities 280 310
Bonds payable 280 290
Total liabilities 560 600
Stockholders' equity:
Common stock, $2 par value 100 100
Additional paid-in capital 200 200
Retained earnings 380 330
Total stockholders' equity 680 630
Total liabilities
& stockholders' equity $1,240 $1,230

Income Statement, For the Year Ended December 31, Year 2, (in thousands of dollars)

Sales (all on account) $1,310
Cost of goods sold 780
Gross margin 530
Selling and administrative expense 359
Net operating income 171
Interest expense 35
Net income before taxes 136
Income taxes (30%) 41
Net income $95

Required:

The average sales period for Year 2 is closest to:

a. 58.5 days
b. 33.4 days
c. 217.3 days
d. 56.2 days

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

questions asked: 162

no. of brainliest answers: 1575

brainliest answers in last 30 days: 10

warnings: 0 view

questions/answers reported: 2637

questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

~

dez nutz lol

explanation:

it should be

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!