Presented below are select financial data from B&B's annual report: Amounts in millions Year 1 Year 2 Balance sheet Accounts receivable (net) $19,367 $43,765 Inventory Income statement 16,860 16,239 Net sales Cost of goods sold $72,716 $91,498 57,541 58,525 How many days, on average, did it take B&B's to collect an outstanding receivable during Year 2? A. 181.7 days B. 77.2 days C. 174.6 days D. 74.5 days E. None of the Above

Presented below are select financial data from B&B's annual report: Amounts in millions Year 1 Year 2 Balance sheet Accounts receivable (net) $19,367 $43,765 Inventory Income statement 16,860 16,239 Net sales Cost of goods sold $72,716 $91,498 57,541 58,525 How many days, on average, did it take B&B's to collect an outstanding receivable during Year 2? A. 181.7 days B. 77.2 days C. 174.6 days D. 74.5 days E. None of the Above

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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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