e-Shop, Inc. has net sales on account of $1,500,000. The average net accounts receivable are $610,000. Calculate the days' sales in receivables. (Round your answer to two decimal places.) A. 897.90 days. B. 148.37 days. C. 365.00 days. D. 2.46 days.

e-Shop, Inc. has net sales on account of $1,500,000. The average net accounts receivable are $610,000. Calculate the days' sales in receivables. (Round your answer to two decimal places.) A. 897.90 days. B. 148.37 days. C. 365.00 days. D. 2.46 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 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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E shop inc has...Accounting question

e-Shop, Inc. has net sales on account of $1,500,000. The
average net accounts receivable are $610,000. Calculate the
days' sales in receivables. (Round your answer to two
decimal places.)
A. 897.90 days.
B. 148.37 days.
C. 365.00 days.
D. 2.46 days.

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