Answered: Galaxy Tech Inc. has net sales on…

Galaxy Tech Inc. has net sales on account of $1,500,000. The average net accounts receivable are $750,000. Calculate the days' sales in receivables.

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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I want to this question answer for general accounting question not need ai solution

Galaxy Tech Inc. has net sales on account of $1,500,000.
The average net accounts receivable are $750,000.
Calculate the days' sales in receivables.

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What are the company days sales in receivable?