Tech Solutions Inc. has net sales on account of $2,400,000. The average net accounts receivable are $840,000. Calculate the days' sales in receivables. (Round your answer to two decimal places.) a. 127.75 days b. 2.86 days c. 365.00 days d. 438.10 days

Tech Solutions Inc. has net sales on account of $2,400,000. The average net accounts receivable are $840,000. Calculate the days' sales in receivables. (Round your answer to two decimal places.) a. 127.75 days b. 2.86 days c. 365.00 days d. 438.10 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 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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not use ai solution given answer General accounting question

Tech Solutions Inc. has net sales on account of
$2,400,000. The average net accounts receivable are
$840,000. Calculate the days' sales in receivables. (Round
your answer to two decimal places.)
a. 127.75 days
b. 2.86 days
c. 365.00 days
d. 438.10 days

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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