Given the following partial financial statement data for Middleton Clinic, calculate Days in Accounts Receivable: Cash Accounts Receivable Current liabilities Long-term debt Equity 300,000 500,000 120,000 400,000 650,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 7
Given the following partial financial statement data for Middleton Clinic, calculate Days in Accounts Receivable:

- Cash: 300,000
- Accounts Receivable: 500,000
- Current Liabilities: 120,000
- Long-term Debt: 400,000
- Equity: 650,000

- Net Revenues: 2,750,000
- Operating Expenses: 2,400,000

Options:
- 39.8
- 46.5
- 66.4
- 93.0
Transcribed Image Text:Given the following partial financial statement data for Middleton Clinic, calculate Days in Accounts Receivable: - Cash: 300,000 - Accounts Receivable: 500,000 - Current Liabilities: 120,000 - Long-term Debt: 400,000 - Equity: 650,000 - Net Revenues: 2,750,000 - Operating Expenses: 2,400,000 Options: - 39.8 - 46.5 - 66.4 - 93.0
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