A company has net credit sales of $1,225,000, beginning net accounts receivable of $310,000, and ending net accounts receivable of $250,000. What is the days' sales in accounts receivable? (Round to the nearest whole day.) a. 92 days b. 83 days c. 97 days d. 89 days

A company has net credit sales of $1,225,000, beginning net accounts receivable of $310,000, and ending net accounts receivable of $250,000. What is the days' sales in accounts receivable? (Round to the nearest whole day.) a. 92 days b. 83 days c. 97 days d. 89 days

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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What is the days sales in accounts receivable?

A company has net credit sales of $1,225,000,
beginning net accounts receivable of $310,000,
and ending net accounts receivable of $250,000.
What is the days' sales in accounts receivable?
(Round to the nearest whole day.)
a. 92 days
b. 83 days
c. 97 days
d. 89 days

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