Answered: A company reported net sales of $72,000…

A company reported net sales of $72,000 and ending accounts receivable of $9,000 for the current period. Calculate its days' sales uncollected.

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 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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Please give me answer general accounting question

A company reported net sales of $72,000 and ending accounts
receivable of $9,000 for the current period. Calculate its days' sales
uncollected.

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