Summit Technologies' financial data for the year: Account Net Sales Amount ($) $725,000 Accounts Receivable $92,600 Calculate the Days Sales Uncollected for the current year. Options a) 42.3 days b) 39.7 days c) 46.6 days d) 53.2 days e) 51.9 days

Summit Technologies' financial data for the year: Account Net Sales Amount ($) $725,000 Accounts Receivable $92,600 Calculate the Days Sales Uncollected for the current year. Options a) 42.3 days b) 39.7 days c) 46.6 days d) 53.2 days e) 51.9 days

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 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

Correct option? Financial accounting question

Summit Technologies' financial data for the year:
Account
Net Sales
Amount ($)
$725,000
Accounts Receivable $92,600
Calculate the Days Sales Uncollected for the current year.
Options
a) 42.3 days
b) 39.7 days
c) 46.6 days
d) 53.2 days
e) 51.9 days

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