Tenfold Company has net sales on account of $1,500,000. Net accounts receivable at the beginning of the year are $600,000 and net accounts receivable at the end of the year are $650,000. The average number of days that accounts receivable were on the books was: a. 8.7. b. 152. c. 304. d. 439.8.

Tenfold Company has net sales on account of $1,500,000. Net accounts receivable at the beginning of the year are $600,000 and net accounts receivable at the end of the year are $650,000. The average number of days that accounts receivable were on the books was: a. 8.7. b. 152. c. 304. d. 439.8.

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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Provide correct answer financial accounting

Tenfold Company has net sales on account of $1,500,000. Net
accounts receivable at the beginning of the year are $600,000
and net accounts receivable at the end of the year are
$650,000.
The average number of days that accounts receivable were
on the books was:
a. 8.7.
b. 152.
c. 304.
d. 439.8.

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