Answered: The company had net sales of $48,000…

The company had net sales of $48,000 and ending accounts receivable of $5,200 for the current period. Its days' sales uncollected equals: a. 12 days b. 40 days c. 25 days d. 9 days e. 45 days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Answer with accounting

The company had net sales of $48,000 and ending accounts
receivable of $5,200 for the current period. Its days' sales
uncollected equals:
a. 12 days
b. 40 days
c. 25 days
d. 9 days
e. 45 days

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