In 2023 Super Mega Storm, Inc. has 3,164,476 in credit sales, 447,450, in average accounts receivable, 272,623 in average accounts payable, and 508,453 in average Inventories. Cost of Goods Sold that year was 2,281,015. Use 365-days a year. Calculate days of sales outstanding in receivables (also called receivables collection period). The answer should be calculated to two decimal places.
In 2023 Super Mega Storm, Inc. has 3,164,476 in credit sales, 447,450, in average accounts receivable, 272,623 in average accounts payable, and 508,453 in average Inventories. Cost of Goods Sold that year was 2,281,015. Use 365-days a year. Calculate days of sales outstanding in receivables (also called receivables collection period). The answer should be calculated to two decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Transcribed Image Text:In 2023 Super Mega Storm, Inc. has 3,164,476 in credit sales, 447,450, in average
accounts receivable, 272,623 in average accounts payable, and 508,453 in average
Inventories. Cost of Goods Sold that year was 2,281,015. Use 365-days a year.
Calculate days of sales outstanding in receivables (also called receivables collection
period).
The answer should be calculated to two decimal places.
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