Based on the following information, which of the following is closest to days' sales outstanding? •Revenues =$8,000 •CGS = $4,000 •Accounts receivable= $800 •Inventory = $500 •Accounts payable= $300 Group of answer choices 73 days 91.25 days 36.50 days 45.62 days
Based on the following information, which of the following is closest to days' sales outstanding? •Revenues =$8,000 •CGS = $4,000 •Accounts receivable= $800 •Inventory = $500 •Accounts payable= $300 Group of answer choices 73 days 91.25 days 36.50 days 45.62 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 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...
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