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

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...
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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
Transcribed Image Text: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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