A manufacturing firm, Stellar Corp., had net sales of $45,600 and ending accounts receivable of $5,500 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 10.30 days b. 62.15 days c. 50.40 days d. 44.02 days e. 38.75 days

A manufacturing firm, Stellar Corp., had net sales of $45,600 and ending accounts receivable of $5,500 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 10.30 days b. 62.15 days c. 50.40 days d. 44.02 days e. 38.75 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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General Accounting

A manufacturing firm, Stellar Corp., had net
sales of $45,600 and ending accounts
receivable of $5,500 for the current period.
Its days' sales uncollected equals: (Use 365
days a year.)
a. 10.30 days
b. 62.15 days
c. 50.40 days
d. 44.02 days
e. 38.75 days

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