A company had net sales of $5,000,000 and ending accounts receivable of $400,000 for the current period. Its days' sales uncollected equals: (Use 365 days in a year.) a. 28 days b. 29 days c. 30 days d. 31 days e. 32 days

A company had net sales of $5,000,000 and ending accounts receivable of $400,000 for the current period. Its days' sales uncollected equals: (Use 365 days in a year.) a. 28 days b. 29 days c. 30 days d. 31 days e. 32 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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Question

General accounting question

A company had net sales of $5,000,000 and ending
accounts receivable of $400,000 for the current period. Its
days' sales uncollected equals: (Use 365 days in a year.)
a. 28 days
b. 29 days
c. 30 days
d. 31 days
e. 32 days

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