Potaw Company reported the following data at the end of 2019: Sales revenue (80% on credit) Expenses (258 on credit) Accounts receivable, net at December 31, 2019 (a decrease of $12,500 during 2019). Total assets Stockholders' equity The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) Multiple Choice The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) O O 17.67. 22.08. $470,000 77,000 12.81. 16,500 370,000 170,000 30.90.

Potaw Company reported the following data at the end of 2019: Sales revenue (80% on credit) Expenses (258 on credit) Accounts receivable, net at December 31, 2019 (a decrease of $12,500 during 2019). Total assets Stockholders' equity The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) Multiple Choice The average number of days to collect receivables during 2019 is closest to: (Do not round your intermediate calculations. Use 365 days a year.) O O 17.67. 22.08. $470,000 77,000 12.81. 16,500 370,000 170,000 30.90.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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