Answered: In October, Z-Mart had $475,000 in net…

In October, Z-Mart had $475,000 in net credit sales and $75,000 in accounts receivable. Calculate the days' sales uncollected for October.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

In October, Z-Mart had
$475,000 in net credit sales
and $75,000 in accounts
receivable. Calculate the days'
sales uncollected for October.

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