Answered: Net sales total $803,000 Beginning and…

Net sales total $803,000 Beginning and ending accounts receivable are $80,000 and $74,000, respectively. Calculate days' sales in receivables. A. 32 days B. 34 days C. 41 days D. 35 days

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 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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Net sales total $803,000 Beginning and ending accounts
receivable are $80,000 and $74,000, respectively.
Calculate days' sales in receivables.
A. 32 days
B. 34 days
C. 41 days
D. 35 days

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Calculate day sales in receivables general accounting
MCQ
None
General accounting
What is the days sales in account receivable?
Accounts receivables = $6,500 Net Sales = $18,122 Use 360 days when when calculating average days collection