Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 c 18.4.)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The financial data for Sheridan Foods Inc. and Sunland Enterprises Ltd. for the current year are as follows (amounts in thousands):
Sheridan Foods
Sunland Enterprises
ادا
Accounts
Accounts
Annual Sales Receivable Jan. 1 Receivable Dec. 31
$61,450
$5,700
32,560
1,680
$7,340
2,230
Transcribed Image Text:The financial data for Sheridan Foods Inc. and Sunland Enterprises Ltd. for the current year are as follows (amounts in thousands): Sheridan Foods Sunland Enterprises ادا Accounts Accounts Annual Sales Receivable Jan. 1 Receivable Dec. 31 $61,450 $5,700 32,560 1,680 $7,340 2,230
Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal plac
18.4.)
Days to collect
eTextbook and Modis
Sheridan Foods
days
Sunland Enterprises
days
Transcribed Image Text:Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal plac 18.4.) Days to collect eTextbook and Modis Sheridan Foods days Sunland Enterprises days
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