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Net sales total $525,000. Beginning and ending accounts receivable are $42,000 and $46,000, respectively. Calculate days' sales in receivables.

Net sales total $525,000. Beginning and ending accounts receivable are $42,000 and $46,000, respectively. Calculate days' sales in receivables.

Managerial Accounting: The Cornerstone of Business Decision-Making
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 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...
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Calculate day's sales in receivables?

Net sales total $525,000. Beginning and ending accounts receivable are $42,000 and $46,000, respectively. Calculate days' sales in receivables.
Transcribed Image Text:Net sales total $525,000. Beginning and ending accounts receivable are $42,000 and $46,000, respectively. Calculate days' sales in receivables.
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