Mozart Inc. had net sales of $720,000 and ending accounts receivable of $60,000 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 25.42 days b. 30.42 days c. 28.50 days d. 24.36 days

Mozart Inc. had net sales of $720,000 and ending accounts receivable of $60,000 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 25.42 days b. 30.42 days c. 28.50 days d. 24.36 days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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I need help with this general accounting question using the proper accounting approach.

Mozart Inc. had net sales of $720,000 and ending accounts receivable of $60,000 for the
current period. Its days' sales uncollected equals: (Use 365 days a year.)
a. 25.42 days
b. 30.42 days
c. 28.50 days
d. 24.36 days

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