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.

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.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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