4 PTS Calculate the Days' Receivables given thatSales = $1840 and Accounts Receivable =$320.(a) 60.12 days(b) 68.28 days(c) 72.91 days(d) 63.47 days

The Days' Receivables (also known as Days Sales Outstanding (DSO)) is calculated using the formula:…

Answered: Calculate the Days' Receivables given…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 2SEA

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Calculate the Days' Receivables given that Sales = $1840 and Accounts Receivable = $320. (a) 60.12 days (b) 68.28 days (c) 72.91 days (d) 63.47 days