Digital Solutions Inc. reports the following financial information: ⚫ Net Credit Sales for the Year: $672,000 Accounts Receivable Balance at Beginning of Year: $45,000 ⚫ Accounts Receivable Balance at End of Year: $55,000 Required: Calculate the Average Number of Days' Sales in Accounts Receivables. Assume 365 days in a year, and round to the nearest whole number.

Digital Solutions Inc. reports the following financial information: ⚫ Net Credit Sales for the Year: $672,000 Accounts Receivable Balance at Beginning of Year: $45,000 ⚫ Accounts Receivable Balance at End of Year: $55,000 Required: Calculate the Average Number of Days' Sales in Accounts Receivables. Assume 365 days in a year, and round to the nearest whole number.

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 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...

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General accounting
I Need help finding the number of days of sales.....
A company reports the following: Sales $838,040 Average accounts receivable (net) 51,100 Round your answers to one decimal place. Assume a 365-day year. a. Determine the accounts receivable turnover. b. Determine the number of days' sales in receivables.
Need help me give you answer general accounting