NHL Geological Services has net sales on account of $1,200,000. The average net accounts receivable are $600,000. Calculate the days' sales in receivables. A) 439.8 days B) 304.0 days C) 182.5 days D) 8.7 days
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- Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales for the year are $924,123. The balance at the end of 2017 was $378,550. What is the number of days sales in receivables ratio for 2018 (round all answers to two decimal places)?Calculate the days sales in receivables?general accounting
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- The Archer Bay Enterprises sells on credit terms of net 45. Its accounts are, on average, 6 days past due. Annual credit sales are $7.3 million. What is the company's balance sheet amount in accounts receivable?What is the company balance sheet amount in account receivable?If Hot Tubs Inc. had sales of $2,027,773 per year (all credit) and its days sales outstanding was equal to 35 days, what was its average amount of accounts receivable outstanding? (Assume a 365-day year.) * a. $ 5,556 b. $212,541 c. $194,444 d. $ 57,143 e. $ 97,222