Please help me solve this general accounting question Kirk Home Furnishings had net Accounts Receivable of$820,000 at the beginning of the year and $980,000 at the endof the year. Net Sales Revenue for 2023 was $7,200,000.What are the days to collect from customers (Days SalesOutstanding - DSO)?

Step 1: Introduction to accounts receivableAccounts receivable refers to the customers who have…

Answered: Kirk Home Furnishings had net Accounts…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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Answer? ? Financial accounting question
The accounts receivable balance is?
Based on the following data for the current year, what is the number of days' sales in receivable? Net sales on account during year $495,046 Cost of goods sold during year 202,912 Accounts receivable, beginning of year 45,637 Accounts receivable, end of year 52,238 Inventory, beginning of year 94,359 Inventory, end of year 104,951 Round your answer up to the nearest whole day.

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Kirk Home Furnishings had net Accounts Receivable of $820,000 at the beginning of the year and $980,000 at the end of the year. Net Sales Revenue for 2023 was $7,200,000. What are the days to collect from customers (Days Sales Outstanding - DSO)?