Answered: The company had net sales of $32,000…

The company had net sales of $32,000 and ending accounts receivable of $2,800 for the current period. Its days' sales uncollected equals: a. 8 days b. 88 days c. 33 days d. 1-day e. 32 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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Question

Provide correct answer please accounting

The company had net sales of $32,000 and ending
accounts receivable of $2,800 for the current period. Its
days' sales uncollected equals:
a. 8 days
b. 88 days
c. 33 days
d. 1-day
e. 32 days

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