A company, Skyline Corp., had net sales of $45,000 and ending accounts receivable of $6,500 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 52.78 days b. 46.75 days c. 58.22 days d. 39.88 days e. 60.12 days

A company, Skyline Corp., had net sales of $45,000 and ending accounts receivable of $6,500 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 52.78 days b. 46.75 days c. 58.22 days d. 39.88 days e. 60.12 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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Financial accounting question

A company, Skyline Corp., had net sales of $45,000
and ending accounts receivable of $6,500 for the
current period. Its days' sales uncollected equals: (Use
365 days a year.)
a. 52.78 days
b. 46.75 days
c. 58.22 days
d. 39.88 days
e. 60.12 days

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