Kavya Enterprises reported net sales of $65,000. The beginning accounts receivable was $12,000, and the ending accounts receivable was $18,500. What is the days sales collected for Kavya Enterprises? (Rounded answer to nearest day)

Kavya Enterprises reported net sales of $65,000. The beginning accounts receivable was $12,000, and the ending accounts receivable was $18,500. What is the days sales collected for Kavya Enterprises? (Rounded answer to nearest day)

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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Question

Provide correct answer

Kavya Enterprises reported net
sales of $65,000. The beginning
accounts receivable was $12,000,
and the ending accounts
receivable was $18,500.
What is the days sales collected
for Kavya Enterprises? (Rounded
answer to nearest day)

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