Homework Help is Here – Start Your Trial Now!
Business
Accounting
River stone Enterprises Co. had net sales of $45,000 and ending accounts receivable of $5,200 for the current period. What is the days' sales uncollected? (Use 365 days in a year.)

River stone Enterprises Co. had net sales of $45,000 and ending accounts receivable of $5,200 for the current period. What is the days' sales uncollected? (Use 365 days in a year.)

Managerial Accounting: The Cornerstone of Business Decision-Making
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 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...
See similar textbooks
icon
Related questions
Question
100%

Financial Accounting

River stone Enterprises Co. had net sales of $45,000 and ending accounts receivable of $5,200 for the current period. What is the days' sales uncollected? (Use 365 days in a year.)
Transcribed Image Text:River stone Enterprises Co. had net sales of $45,000 and ending accounts receivable of $5,200 for the current period. What is the days' sales uncollected? (Use 365 days in a year.)
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS