A company, TechNova Inc., had net sales of $45,600 and ending accounts receivable of $6,500 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 45.36 days. b. 51.99 days. C. 55.98 days. d. 42.18 days. e. 37.89 days.

A company, TechNova Inc., had net sales of $45,600 and ending accounts receivable of $6,500 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 45.36 days. b. 51.99 days. C. 55.98 days. d. 42.18 days. e. 37.89 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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Question

Financial accounting question

A company, TechNova Inc., had net sales
of $45,600 and ending accounts receivable
of $6,500 for the current period. Its
days' sales uncollected equals: (Use 365
days a year.)
a.
45.36 days.
b. 51.99 days.
C. 55.98 days.
d. 42.18 days.
e. 37.89 days.

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