Answered: The company had net sales of $49,000…

The company had net sales of $49,000 and ending accounts receivable of $5,700 for the current period. Its days' sales uncollected equals how many days? (Round your answer to nearest number) Answer

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 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...

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The company had net sales of $49,000 and ending accounts receivable of $5,700 for the current period. Its days' sales uncollected equals how many days? (Round your answer to nearest number) Answer

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A company had net sales of $29, 800and accounts receivable of S4, 400for the current period. Its days' sales uncollected equals: (Use 365 days a year.)O A) 65.09 days.O B) 45.89 days.. C) 69.19 days.O D) 53.89 days.O E) 6.77 days.28A company had net sales of $29,800and accounts receivable of $4,400 for the current period. Its days' sales uncollected equals: (Use 365 days a year.)O A) 65.09 days.O B) 45.89 days.. C) 69.19 days.O D) 53.89 days.O E) 6.77 days.28
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The Perry Company reported Accounts Receivable, Net of $66,400 at the beginning of the year and $72,700 at the end of the year If the company's net sales revenue during the fourth year was $878,000, what are the days to collect during year? (Round your intermediate calculation and final answer to 1 decimal place. Use 365 days in a year): 28.9 days 12.1 days. 8.3 days. 30.2 days.