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ine following palance sneet information was provided by western Company. Year 2 Year 1 $2,800 $19,500 $43,000 Assets Cash Accounts receivable Inventory Assuming Year 2 net credit sales totaled $133,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice 112.5 days 590 days 53.5 days $3,300 $21,500 $37,000 56.3 days

ine following palance sneet information was provided by western Company. Year 2 Year 1 $2,800 $19,500 $43,000 Assets Cash Accounts receivable Inventory Assuming Year 2 net credit sales totaled $133,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice 112.5 days 590 days 53.5 days $3,300 $21,500 $37,000 56.3 days

FINANCIAL ACCOUNTING
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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ine following Dalance sneet information was provided by western Company. Year 2 $3,300 $21,500 $37,000 Assets Cash Accounts receivable Inventory Assuming Year 2 net credit sales totaled $133,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice 112.5 days 590 days 53.5 days Year 1 $2,800 $19,500 $43,000 56.3 days
Transcribed Image Text:ine following Dalance sneet information was provided by western Company. Year 2 $3,300 $21,500 $37,000 Assets Cash Accounts receivable Inventory Assuming Year 2 net credit sales totaled $133,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice 112.5 days 590 days 53.5 days Year 1 $2,800 $19,500 $43,000 56.3 days
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