A company had net sales A company had net sales of $30,200 and endingaccounts receivable of $4,000 for the currentperiod. Its days' sales uncollected equals:(Use 365 days a year.)a. 7.55 days.b. 59.54 days.c. 63.64 days.d. 48.34 days.e. 40.34 days.

Step 1: Define Days sales collectedDays sales collected or average collection period is a financial…

Answered: A company had net sales of $30,200 and…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 8CDQ

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A company had net sales of $30,200 and ending accounts receivable of $4,000 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 7.55 days. b. 59.54 days. c. 63.64 days. d. 48.34 days. e. 40.34 days.